3 ms·

1. You are bailing out depositors not SVB. 2. Depositors have no other option in general. https://www.bloomberg.com/opinion/articles/2019-03-08/the-fe https://

• greenthrow 4y ago
  The article is talking about bailing out SVB, which in turn can then make the depositors whole. This is like arguing that if I screw up my investments and put myself in a bad position that the government should bail me out for the sake of everyone I owe money to.
  • crazygringo 4y ago
    No the article isn't. It's clearly referring to depositors.
  • cscurmudgeon 4y ago
    > This is like arguing that if I screw up my investments and put myself in a bad position that the government should bail me out for the sake of everyone I owe money to. Nope. Not even close. > The FDIC receives no Congressional appropriations - it is funded by premiums that banks and savings associations pay for deposit insurance coverage. https://www.fdic.gov/about/what-we-do/index.html https://www.fdic.gov/about/what-we-do/index.html