2 ms·
They will make money immediately available to depositors (emphasis on timing), and the government is standing up a funding mechanism from SVB assets backed by a
by unyttigfjelltol 4y ago
They will make money immediately available to depositors (emphasis on timing), and the government is standing up a funding mechanism from SVB assets backed by a bank insurance fund.
FDIC et al. just fast-forwarded to the end, although notably I don't see a discussion of where any potential profits will go.....
- belltaco 4y agoProbably in the order of a regular bankruptcy, secured debtors first, unsecured debtors second etc. and then shareholders at the very end.