so the FDIC is bailing out SVB, but they just aren't calling it a bailout!

no wonder why Yellen could go on tv and say 'no bailout', because they aren't calling it a bailout.

With their language linguistics they can explain everything and anything

>>18494338

>so the FDIC is bailing out SVB, but they just aren't calling it a bailout!

https://www.cnn.com/2023/03/12/business/svb-fdic-employees/index.html

https://www.bloomberg.com/news/articles/2023-03-12/fdic-auction-for-svb-said-to-be-underway-final-bids-due-sunday

https://www.msn.com/en-us/money/markets/fed-and-fdic-discussing-backstop-to-make-svb-depositors-whole-and-stem-contagion-fears-source/ar-AA18wWLi

Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source

>>18494374

>Why does all of this remind me of SBF and FTX ?

didn't Tucker tie them together?

>>18494401

i agree with you,

SBV will get bailed out, but it won't be called a bailout

>>18494428

>The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

I think the amount of $250,000 is the issue.

From what I understand 'from the internet' is that most depositors had way more than that.

>>18494454

>and if there are others doomed to fail- what about their depositors? When does FDIC run out of dough? When does the music stop?

^^^^^^^^^^^^^^^^^^^^^^

that is a problem…

and who will bail out the bailouters?