Conversation

Notices

Embed this notice
• Embed this notice
  Mathias, a walfdog ❄️🐺 :pansexual_flag: (mathias@pawb.fun)'s status on Saturday, 18-Mar-2023 04:40:55 JST Mathias, a walfdog ❄️🐺 :pansexual_flag:

  in reply to

  • Thomas 🔭🕹️
  • nicki xaphania mouse 🐁

  @xaphania @thomasfuchs @tprophet In this case by joint Treasury-Fed-FDIC decision, FDIC is insuring unlimited deposit amounts. Any funds used for that will come from FDIC's Deposit Insurance Fund, which currently has $100b in it, and is expected to be enough to cover. It will be replenished by a special assessment on banks, not *directly* from taxpayers.

  There's certainly room to debate whether this is a bailout or not, and *indirectly* all bank customers

• Embed this notice
  nicki xaphania mouse 🐁 (xaphania@meemu.org)'s status on Saturday, 18-Mar-2023 04:40:56 JST nicki xaphania mouse 🐁

  • Thomas 🔭🕹️

  @thomasfuchs @tprophet i thought fdic didn't cover the majority of deposits because of the $250k limit. are you saying that no US treasury funds at all are being used to protect SVB customers?