4 ms·
How are they taking your money?
by jtr1 4y ago
How are they taking your money?
- JackFr 4y agoFDIC receivership is not my money, it’s all self funded. Any bailout beyond that is taxpayer money. As a voter (and a guy who pays taxes) it is my money. I have a lot of opinions about how that money should be spent. A bailout beyond FDIC receivership is simply a payout to VCs. SVB’s resolution will be a solid measure of much political clout they have.
- auntienomen 4y agoIt's a noisy measure, since FDIC / Fed / Treasury are quite reasonably worried about this failure setting off a series of bank runs.