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re: Main Street is bailing out risky banks again; this time it's Menlo Park instead of Wall St

Posted on 3/13/23 at 9:00 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423378 posts
Posted on 3/13/23 at 9:00 am to
quote:

And they are charging other FDIC insured banks special fees to cover the gap.

a. I'm sure the banks are all for this to protect their own bank.

b. Ultimately these fees are likely paid for by the liquidation. It will just take time.

quote:

hat special assessment will get passed onto the customers of those banks

LINK?
Posted by Fat Harry
70115
Member since Mar 2005
2219 posts
Posted on 3/13/23 at 9:05 am to
Listen to All-In. SVB has a bunch of garbage venture-capital debt loans to VC-backed startups that will never be collected.
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