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A comment on FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signature Bank. Parent comment

Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by pmorici on Sunday March 12, 2023 @09:35PM (#35129508)
"Another bank is getting a bailout"

No they are not. The shareholders and bond holders are getting wiped out. It is only the depositors that are being made whole. This is not like 2008 where they loaned cheap money to banks to keep them afloat but allowed the owners to remain.

[ Parent | on HN ]
Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by anon291 on Monday March 13, 2023 @10:44AM (#35136365)
Except they are exactly loaning cheap money to all the banks that have not yet failed while claiming moral superiority for letting svb fail
[ Parent | on HN ]