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It's not though, SVB equity holders are getting zeroed out. Raiding the DIF to pay out depositors in extraordinary circumstances and then recovering it through
by arcticbull 4y ago
It's not though, SVB equity holders are getting zeroed out. Raiding the DIF to pay out depositors in extraordinary circumstances and then recovering it through a special assessment is basically the whole point of having an FDIC. The justice is that SVB equity went to $0.