SVB and FDIC bailout
If you guys can't tell the difference between a bailout and FDIC insurance, read up on it before posting please. We already have a dozen posts about "iS tHe FeD bAiLiNg OuT bAnKs AgAiN???>?????" posts. #bailout #bank #svb
I think people are simply confused because all the depositors are being paid back the whole amount and FDIC insured promised only upto $250K
yeah well, they obviously can't read. Didn't the fed seize assets and have a fire sale to pay back depositors?
Indirectly, we’re paying my friend. Time to wake up.
The entire things seems sketcy. The fed is now portrayed a hero, all of a sudden they care about all the depositors
That’s not the Fed. That’s FDIC being the hero. They’re completely different entities.
FDIC is not the fed. SMH 🤦♀️
Does this clarify? https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
Yes it's a giant bailout yay for taking more of our money
Doesn’t this increase system risk by having healthy and partially healthy banks pay a special FDIC assessment when an unhealthy bank fails?
FED is bailing out @OP. He knows the difference.