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How is it your money? It's not a taxpayer funded bailout, the FDIC is just going to forcibly liquidate SVB's assets and pay back customers to the extent possibl
by tracer17 4y ago
How is it your money? It's not a taxpayer funded bailout, the FDIC is just going to forcibly liquidate SVB's assets and pay back customers to the extent possible with those proceeds.
- JackFr 4y agoI assumed the parent was referring to a government sponsored plan to make SVB depositors whole beyond ordinary FDIC receivership.