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the FDIC only has jurisdiction over US retail banks, not everywhere dollars are held worldwide, of course the deficit left after auctioning off SVB's assets wi
by dyno12345 4y ago
the FDIC only has jurisdiction over US retail banks, not everywhere dollars are held worldwide, of course
the deficit left after auctioning off SVB's assets will be raised from other banks. the FDIC/treasury/Fed are not going to just pay for it out of pocket.