Sam Bankman-Fried found guilty on all charges

Re:Sam Bankman-Fried found guilty on all charges by schemescape on Thursday November 02, 2023 @10:19PM (#38123591)

From member banks:

> No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Edit: apologies, I should have included this link and blurb in my original comment.

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Re:Sam Bankman-Fried found guilty on all charges by tsunamifury on Friday November 03, 2023 @02:16PM (#38132712)

You're Both arguing about the wrong thing. SVB never was insolvent, all account holders were made whole with available assets.

Whole thing was a farce

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