News for hackers. Stuff that matters.
Re:FDIC accidentally reveals the Silicon Valley Bank deposit... by JumpCrisscross on Monday November 04, 2024 @07:38PM (#42047591)
> FDIC found a buyer for the bank at zero without too much difficulty, so in hindsight the taxpayer's money wasn't actually spent here

At risk, not spent. The FDIC will typically agree to take first losses to maximise the price it can get for bank assets.

There are no comments on this comment yet.