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> Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by
by somewhereoutth 4y ago
> Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.
Not convinced both those statements can be true.
- tome 4y agoYes, there's a lot of sleight of hand going on here. This is also highly suspcious: > Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
- chernevik 4y agoThey're passing any cost on to the other banks, who will pass those costs on to their various customers.