baggachipz@sh.itjust.works to A Boring Dystopia@lemmy.world · 23 days agololsh.itjust.worksimagemessage-square2fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imagelolsh.itjust.worksbaggachipz@sh.itjust.works to A Boring Dystopia@lemmy.world · 23 days agomessage-square2fedilink
minus-squareRetro_unlimited@lemmy.worldlinkfedilinkarrow-up0·23 days agoI thought the FDIC ran out of money after the silicon valley bank collapsed.
minus-squareanachronist@midwest.sociallinkfedilinkEnglisharrow-up0·23 days agoFDIC wasn’t on the hook for much of the SVB deposits because they were over the insurance limit, until they realized that wealthy people were going to lose money and retroactively decided to pony up.
I thought the FDIC ran out of money after the silicon valley bank collapsed.
FDIC wasn’t on the hook for much of the SVB deposits because they were over the insurance limit, until they realized that wealthy people were going to lose money and retroactively decided to pony up.