I think things start to get interesting though if the regulator can't raise enough money from the sale of SVB's assets to offset the deposits.

The Fed can cheat on that by taking the bank's held-to-maturity securities onto its own balance sheet. It's a bailout "in the present" but will pay itself off because the Treasury never defaults.

I think things start to get interesting though if the regulator can't raise enough money from the sale of SVB's assets to offset the deposits.

The Fed can cheat on that by taking the bank's held-to-maturity securities onto its own balance sheet. It's a bailout "in the present" but in theory pays itself off.

I think things start to get interesting though if the regulator can't raise enough money from the sale of SVB's assets to offset the deposits.

The Fed can cheat on that by taking the bank's held-to-maturity investments onto its own balance sheet. It's a bailout "in the present" but in theory pays itself off.