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user-inactivated · 403 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
Looks like they're bailing it out anyway, but with some lipservice about how it's other banks paying and not the taxpayer. Gotta socialize the losses https://home.treasury.gov/news/press-releases/jy1337 edit: at least it seems like they're not bailing out investors as well which is nice