Re:Ask HN: What do you think of YC asking for SVB depositors...
by vinaypunwani on Monday March 13, 2023 @05:05PM
(#35142631)
> The FED making SVB depositors whole puts the burden on all of society
No taxpayer funds will be used. All the money being used to make depositors whole is coming from liquidation of SVB assets. There is no burden on society and the comparisons of this situation to the 2008 bailouts are just rage-bait.
No taxpayer funds will be used. All the money being used to make depositors whole is coming from liquidation of SVB assets. There is no burden on society and the comparisons of this situation to the 2008 bailouts are just rage-bait.