It's not like the entire 160b at svb went poof. Fdic takes everything svb had and that covers A LOT more than just 250k per customer. Sure a little bit off the

It's not like the entire 160b at svb went poof. Fdic takes everything svb had and that covers A LOT more than just 250k per customer. Sure a little bit off the top would have been missing, but yellen figured covering that small gap out of the fdic's pocket was worth calming down the panic. All other banks will be assessed a little bit more for their fdic coverage and the fdic is made whole in just a few months. So if anything it's a small short term loan from the money taxpayers already set aside as the fdic to cover the gap at svb. No money getting printed, no tax hikes.