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My expectations is they will liquidate all current holdings of SVB, and probably half their assets are down 20% because of interest rate pummeling of long dated
by nytesky 4y ago
My expectations is they will liquidate all current holdings of SVB, and probably half their assets are down 20% because of interest rate pummeling of long dated bonds, so maybe everyone gets a check on Monday or Friday for 90% of their total assets at SVB. Payroll gets made, most companies will be fine, some runways are a wee bit shorter.
I think fast is better than perfect in this scenario.
- muzz 4y agoLooks like that's happening: https://www.bloomberg.com/news/articles/2023-03-11/fdic-races-to-start-returning-some-uninsured-svb-deposits-monday https://www.bloomberg.com/news/articles/2023-03-11/fdic-race...
- name-form 4y agoThat is what will happen, and the assets will be liquidated against some depositor holdings.
- HWR_14 4y agoAs I understand it, the FDIC normally steps in early enough that even non-insured accounts get made while.