re: Silicon Valley Bank was bailed out with billions of dollars, who was held accountable?

quote:

---

FDIC took the hit and not taxpayers. Banks pay premiums to FDIC and when when the fund gets low they charge more to banks to refill it. The largest banks pay the most.

SVB was not bailed out and the executives lost theirs jobs and equity shares and probably won't ever work in banking again and now u want them in prison?

Also during the GFC most banks paid back TARP plus interest. For example JPMorgan Chase took in $25b not bc they needed it but bc they were forced to and paid it back 12 months later along with $1B in interest to the Fed Govt.

---