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re: Who is paying for the uninsured deposits for SVB?
Posted on 3/13/23 at 2:16 pm to schexyoung
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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