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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 RandomLensman on Monday March 13, 2023 @07:00AM (#35133967)
I would have thought that the deposits will leave SVB/what is left of SVB pretty soon, so the FDIC will need to cover that rather now than in the far future.
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Re:Joint Statement by the Department of the Treasury, Federa... by ElevenLathe on Monday March 13, 2023 @09:41AM (#35135593)
The point of doing this is that the deposits hopefully won't feel the need to leave. After all, the BoA account you were planning to move them to doesn't have a public letter from the Treasury Secretary saying it's insured to no limit by the FDIC.
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