LogFAQs > #972151003

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Topic	Funny how we have the money to bailout SVB, but not for student loans.
emblem-man 03/13/23 6:08:47 PM #19:	Takuya_Lee posted... SVB did not get bailed out. All banks pay into a fund and that fund is being used to guarantee people get their money back. SVB is also ceasing to operate. Hell, the plan will be to sell the assets of SVB to fund the uninsured deposits. If they sell the assets for enough, I don't even think this fund will have to be used. And this is how bank failures work and have been working. The banks close down and assets are closed to make depositors whole --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:972151003] in Funny how ... [t:80378152]...</cite> <quote>Takuya_Lee posted... </cite><quote>SVB did not get bailed out. All banks pay into a fund and that fund is being used to guarantee people get their money back. SVB is also ceasing to operate.</quote>Hell, the plan will be to sell the assets of SVB to fund the uninsured deposits. If they sell the assets for enough, I don't even think this fund will have to be used. And this is how bank failures work and have been working. The banks close down and assets are closed to make depositors whole --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.pnghaters gonna hate</quote> ... Copied to Clipboard!
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