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Despite the attempt it’s going to be called a bailout by the public and press even if the FDIC turns a profit down the road.
by dahdum 4y ago
Despite the attempt it’s going to be called a bailout by the public and press even if the FDIC turns a profit down the road.
- optimalsolver 4y agoThat's because what they're asking for is literally a bailout, and no amount of SV jargon is going to disguise that.
- pdq 4y agoHow is the FDIC going to turn a profit? Every company who has deposits there are going to wire it out once reopens. You can't make money if you have no deposits.
- dahdum 4y agoI believe FDIC can sell SVB or equity to another bank once it stabilizes (with their help). With the current executive team gone and some adult supervision, it could return to being a valuable company. SVB doesn’t have to die just because the shareholders get wiped out and management booted. It’s probably better for customers that it doesn’t.
- somsak2 4y agoIt's going to be called a bailout because that's what it is.