AndyBTCAdviser on Nostr: “After receiving a recommendation from the boards of the FDIC and the Federal ...
“After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”
So if I was a depositor at SVB an I read that I’d be withdrawing everything at 9am Monday morning, and I’d be expecting everyone else to do the same. How does this statement fix anything?
Published at
2023-03-12 23:31:25Event JSON
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