News for hackers. Stuff that matters.

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 op00to on Monday March 13, 2023 @07:36AM (#35134252)
> can someone explain how it's possible that despositors are fully protected, far beyond what FDIC insures, without the taxpayer bearing any of the burden

Depositors are made whole. Shareholders are not. There were enough assets sold over the weekend to cover deposits.

[ Parent | on HN ]

There are no comments on this comment yet.