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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by paulddraper on Sunday March 12, 2023 @08:07PM (#35128585)
I'm not a supporter of bailouts in any sense.

But obviously there's a difference between fixing things so someone receiving what they signed up vs someone not paying what they signed up for

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Re:Joint Statement by the Department of the Treasury, Federa... by matthewdgreen on Sunday March 12, 2023 @09:10PM (#35129245)
None of the SVB customers signed up (or paid premiums) for unlimited depositor insurance. Nonetheless they will now receive that, paid for by a new assessment (tax) on other banks and their customers.
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Re:Joint Statement by the Department of the Treasury, Federa... by paulddraper on Sunday March 12, 2023 @09:43PM (#35129601)
They expected (with 99.8% confidence) to be able to retrieve their deposits in full.

So the 0.2% scenario is turning out different.

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Re:Joint Statement by the Department of the Treasury, Federa... by vc8f6vVV on Tuesday March 14, 2023 @10:13AM (#35151846)
If insurance company had assessed the risk as 0.2% the premium would have been miniscule. But they still didn't pay it, or the risk was not 0.2%?
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