Re:Silicon Valley Bank unmasks the hypocrisy of libertarian ...
by thunky on Wednesday March 15, 2023 @05:01PM
(#35174653)
Right, but in SVB's case, since they are a member of the Federal Reserve System (like the Nevada example), they were regulated by the Federal Reserve in additional to the State.
The California bank in that example is regulated by FDIC because it's not a member of the Federal Reserve System.
The California bank in that example is regulated by FDIC because it's not a member of the Federal Reserve System.