I'll have to wait for the dust to settle but if they are selling off the assets, then providing the funds to depositors first and then other liability holders until nothing remains. That's just a liquidation with depositors having first priority, as should be the case. That's not a bailout.
Everyone needs to keep in mind that when the government insures deposits up to $250,000 that was always tax-payers covering losses... If people don't like that then the government shouldn't be in the business of insuring deposits.
I'll have to wait for the dust to settle but if they are selling off the assets, then providing the funds to depositors first and then other liability holders until nothing remains. That's just a liquidation with depositors having first priority, as should be the case. That's not a bailout.
The amount paid to customers more than SVB is worth will be covered by a special assessment on FDIC member banks.
Whether it's a bailout or how much of one depends on how much SVB assets are sold for.
Yes, that will remain to be seen.
Everyone needs to keep in mind that when the government insures deposits up to $250,000 that was always tax-payers covering losses... If people don't like that then the government shouldn't be in the business of insuring deposits.