Leo Wandersleb on Nostr: To my understanding, "FDIC and the FED" promised to bail out SVB but I couldn't find ...
To my understanding, "FDIC and the FED" promised to bail out SVB but I couldn't find how. I did hear though that 95% of the funds were over the FDIC limit ($250k), so that would be a wild precedence for other banks going under. An insurer that pays more than it has to. I assume the FED printed the bail out money and wonder if they touched FDIC funds at all.
Published at
2023-03-13 17:41:33Event JSON
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