Originally Posted by
rickair7777
I think it's OK for the gov to gently intervene to prevent a panic attack from spreading to all of the other banks which are operating under perfectly reasonable and widely accepted basis'.
The US Constitution disagrees with you.
Originally Posted by
rickair7777
I'm all about free market but it occasionally does need some guard rails. Just occasionally.
Have to abandon the free market in order to save the free market, right?
But anyway, from my understanding it looks like FDIC is using their pool of money to cover the gap for SVB between now and the time their bonds are available for liquidation.