re: How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?

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How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?

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You clearly are determined not to hear the actual - easy - answer to your question.

The bank has enough "long-term" securities (basically, just treasuries) to pay out ALL the depositors over time as those securities mature.

Instead of letting a bank panic spread, the gov is basically just swapping out current maturity treasuries for the long-term treasuries so that everyone can access their money now.

It is arguably a form of "bail out", but it is not just taking out the check book. The government will simply hold its own long-term securities now and let them mature at full value.