5 ms·
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
by 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 agoNo 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