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We actually don’t know if the rules changed. The rules are that the FDIC covers up to 250k in losses for each account. The SVB that the FDIC now controls still
by dcow 4y ago
We actually don’t know if the rules changed. The rules are that the FDIC covers up to 250k in losses for each account. The SVB that the FDIC now controls still has valuable assets which likely cover the accounts as designed. Or at least get close enough that the the difference is marginal.