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re: Who is paying for the uninsured deposits for SVB?
Posted on 3/12/23 at 9:46 pm to tiggerthetooth
Posted on 3/12/23 at 9:46 pm to tiggerthetooth
Right now the FDIC fund which is funded by fees charged to covered banks. FDIC has never in its history needed tax payer money to acquire and sell off a failed bank. Once SVB is sold the FDIC will recoup the majority of the funds money.
Bond and equity holders are not bailed out.
Bond and equity holders are not bailed out.
This post was edited on 3/12/23 at 9:47 pm
2
Posted on 3/12/23 at 10:22 pm to schexyoung
quote:
Bond and equity holders are not bailed out.
Struggling to see difference between bond holder and depositor greater than $250k
Posted on 3/13/23 at 2:16 pm to schexyoung
quote:
Once SVB is sold the FDIC will recoup the majority of the funds money.
Not so fast.
Ultimately the FDIC is funded by banks, which means you and I pay for it as clients of banks. The FDIC stepping in to cover everyone means premiums are going up, so actual tax payers are effectively on the hook.
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