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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 jurassic on Sunday March 12, 2023 @08:58PM (#35129094)
SVB shareholders have been wiped out in this, and the prospect of that fate should motivate banks to try to avoid a similar outcome for their institutions going forward.
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Re:Joint Statement by the Department of the Treasury, Federa... by jongjong on Sunday March 12, 2023 @11:44PM (#35130731)
It depends. It's likely that some of those big SVB shareholders were also shareholders of ventures which had deposits at SVB so they got punished and bailed out at the same time... Less punishment. Maybe even profitable for them.
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