18 () posted 1 year ago by Wizard08 1 year ago by Wizard08 +18 / -0 14 comments share 14 comments share save hide report block hide replies
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.