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b_b · 405 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
In what sense? It's not as if anyone was going to lose their ass. Most estimates have the likely losses of uninsured accounts at 5-15%. They could have easily extended short term low interest loan of some percentage of deposits so that depositors could have met cash payment needs without interruption.