...New York-based Signature Bank, which collapsed over the weekend and will be bailed out by the new Bank Term Funding Program (BTFP), the Biden administration

...New York-based Signature Bank, which collapsed over the weekend and will be bailed out by the new Bank Term Funding Program (BTFP), the Biden administration announced on Sunday.... [1] Either Daily Caller is calling it incorrectly or at least one bank is being bailed out as of now. All comes down to the definition of 'bailing out', does it mean that depositors are made whole past the $250K limit, that investors are being made whole, that banks are simply taken over with their losses covered by the government which hopes to recoup the costs when the banks are sold on the market? [1] https://dailycaller.com/2023/03/13/former-dem-rep-landmark-financial-reform-law-board-ny-bank-biden-bailing-out/ https://dailycaller.com/2023/03/13/former-dem-rep-landmark-f...