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The FDIC will be releasing cash on Monday so businesses can make payroll and so on. The eventual return on uninsured deposits will likely be around 80-90c on t
by davidgerard 4y ago
The FDIC will be releasing cash on Monday so businesses can make payroll and so on.
The eventual return on uninsured deposits will likely be around 80-90c on the dollar.
How can we stop this happening again? Simple: we put back the Basel III rule that SVB lobbied to have not apply to them, the absence of which let them do the dumb things that got them into this position: https://archive.is/gmJxU https://archive.is/gmJxU