US regulators bail out SVB customers, who can access all their money Monday

Re:US regulators bail out SVB customers, who can access all ... by easyeven009 on Sunday March 12, 2023 @11:40PM (#35130699)

kinda crazy this is happening.

biden is proposing increases taxes for >$400k/yr income but there's uninsured funds getting bailed out.

definitely feels like anyone trying to build wealth is being pushed down while the actual wealthy just keep getting breaks.

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Re:US regulators bail out SVB customers, who can access all ... by rcme on Monday March 13, 2023 @12:09AM (#35130930)

If SVB didn’t get bailed out, there would be a run on small banks. Unfortunately, the government can’t bail out every small bank, so there may still be a run on the banks. Time will tell.

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Re:US regulators bail out SVB customers, who can access all ... by dragonwriter on Monday March 13, 2023 @12:14AM (#35130970)

> Unfortunately, the government can’t bail out every small bank

Well, they could adopt a new program providing cash loans against a variety of term investments to deal with liquidity crunches of the type SVB faced for all banks. That would be equivalent to a bailout (at negative expected cost) of all small and large banks with similar issues to SVB.

Oh, yeah, they did that today.

https://www.federalreserve.gov/newsevents/pressreleases/mone...

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