Yes, technically, the Fed guaranteeing deposits over and above the insured limit of$250k is not a bailout of SVB. It is a tax-payer funded bailout of individuals and companies who were too lazy or ignorant to manage their cash balances at SVB to avoid this risk. The end result is the same: you can be careless with your money or other peo…
Yes, technically, the Fed guaranteeing deposits over and above the insured limit of$250k is not a bailout of SVB. It is a tax-payer funded bailout of individuals and companies who were too lazy or ignorant to manage their cash balances at SVB to avoid this risk. The end result is the same: you can be careless with your money or other people’s money but as long as you’re connected, it’s the rest of the American taxpayers that are slipped the bill to pay
Yes, technically, the Fed guaranteeing deposits over and above the insured limit of$250k is not a bailout of SVB. It is a tax-payer funded bailout of individuals and companies who were too lazy or ignorant to manage their cash balances at SVB to avoid this risk. The end result is the same: you can be careless with your money or other people’s money but as long as you’re connected, it’s the rest of the American taxpayers that are slipped the bill to pay