I imagine taxpayers did pay at least something in the form of treasury and fed employees working over the weekend and getting paid overtime. Or is that not how it works?

Are police wages “socializing the cost of crime”? I consider enforcement necessary overhead.

* * *

The FDIC is guaranteeing all SVB deposits, including deposits above $250k. Any deficit will be paid from the FDIC's insurance fund, which if necessary will be topped up by a special assessment on all participating banks. So the losses (if any) won't be socialized over taxpayers, but they will be socialized over some combination of bank owners and customers.

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

> So the losses (if any) won’t be socialized over taxpayers,

I mean, a “special assessment” is just a different word for a one-time tax, and it being directly on all banks and indirectly on everyone who banks, or does business with entities who bank, makes distinguishing the payers of this tax and “taxpayers” ludicrous hair-splitting.

Exactly, the banks that practiced sound risk management get to subsidize the banks that didn’t. Textbook moral hazard.

Do you have a link that supports your assertion that all of the proceeds from stock sales by SVB execs while they were mismanaging risk in 2022-23 are being clawed back?

it will directly cost all of us, except those who have no bank account. its unsustainable and wrong.