- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?
Posted on 3/14/23 at 9:45 am to Screaming Viking
Posted on 3/14/23 at 9:45 am to Screaming Viking
quote:
It 100% is a bailout for the rich.
It's probably a $2-4 billion dollar bailout coming out of the FDIC via the U.S. Treasury. It's not newly printed money from the Federal Reserve.
The other $210 billion will come from SVB assets: mostly U.S. treasuries, mortgage backed securities, and other loans. The FDIC will either take ownership of those assets or sell them to other banks at a steep discount.
The FDIC will make up losses via charges to banks for FDIC insurance and the banks charge their customers. So ultimately bank customers are bailing out SVB depositors to a certain extent.
1
Posted on 3/14/23 at 3:47 pm to GumboPot
quote:Won’t be much of a discount on the treasuries.
The FDIC will either take ownership of those assets or sell them to other banks at a steep discount.
This post was edited on 3/14/23 at 3:48 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News