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Posts: 153
In response to
"
The statement I saw said that no taxpayer money would be used. I’m guessing being able to value their remaining treasury holdings at par is enough -- (edited)
"
by
znufrii, meh and problematic
Member banks pay into the FDIC don't they? So that, in combo with asset sale, would cover? -- nm
Posted by
ty97
Mar 13 '23, 07:01
(No message)
Responses:
FDIC only covers $250,000 per depositor, and that hasn’t changed as far as I’ve seen. -- nm
-
znufrii, meh and problematic
Mar 13, 07:08
3
They said last night that they are covering 100% for SVB and Signature -- nm
-
ty97
Mar 13, 07:12
1
Not specifically through FDIC insurance though, to my reading of it, just that all depositors will be made whole.
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znufrii, meh and problematic
Mar 13, 07:15
"the Fed will make a new lending facility available to banks to buttress any financial risks they face. Also, sale of all or part of SVB’s assets and
-
mara
Mar 13, 07:09
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