Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by chernevik on Monday March 13, 2023 @12:51AM (#35131235)

You can have your own private definition if you like, but people talking about financial failures having using the term "bailout" in connection with all sorts of stakeholders for decades.

The word games being played around this are just embarrassing.

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Re:Joint Statement by the Department of the Treasury, Federa... by notfromhere on Monday March 13, 2023 @02:47AM (#35132001)

Because SVB is not actually bailed out. The company is dead, this just means the depositors don't lose their holdings and we don't watch a whole economic sector melt down while we debate the definition of words.

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Re:Joint Statement by the Department of the Treasury, Federa... by danans on Monday March 13, 2023 @12:39PM (#35138213)

Then let's call it what it is specifically instead of using such imprecise language: It's the sale of the assets of a bank in order to guarantee depositors' funds. It's not like the way zombie banks were given money to continue to exist in 2008, or the way the GM and Chrysler were given bailouts to continue operating.

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