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The FDIC / Fed are currently on-site working on SVB resolution.
by htrp 4y ago
The FDIC / Fed are currently on-site working on SVB resolution.
- gitfan86 4y agoThe fed will take over all of these assets and shutdown the bank and make a profit doing so. The fed has a huge advantage in that they can just print money, buy assets that deliver 1% returns and when those assets mature delete the printed money. The fed is basically leveraged to infinity.
- ksajadi 4y agowhat's your source?
- MrMan 4y agoBloomberg / the real world
- adrianmonk 4y agohttps://www.fdic.gov/news/press-releases/2023/pr23016.html https://www.fdic.gov/news/press-releases/2023/pr23016.html https://news.ycombinator.com/item?id=35096877 https://news.ycombinator.com/item?id=35096877
- revicon 4y agoI hadn't heard this particular bit of info yet, but doing a quick search and yup, since last night. https://www.bloomberg.com/news/articles/2023-03-10/us-regulators-descend-on-silicon-valley-bank-to-assess-finances https://www.bloomberg.com/news/articles/2023-03-10/us-regula...