Hmmmm, didn't think this years catastrophe would be another good old fashioned financial crisis. Thought it would be something more out of the ordinary considering the 2020-21 COVID and 2022 war crises.

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'.

I'm all about free market but it occasionally does need some guard rails. Just occasionally.

The US Constitution disagrees with you.

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.

Just out of curiosity, what are you doing making large, monthly cash withdrawals for? And how much cash do you take out that the bank was hesitant to do?!?

Let’s see. Invest heavily in mortgage securities. Government prints tons on money, Fed raises interest rates. Mortgage securities now losing tons of money. I think we’ve seen this play out before?

The Fed raised interest rates to slowly. They needed to stifle economic growth for a bit to slow the inflation. But the small increases along with the passage of the latest round of spending before the election kept everything too hot. They needed to raise the interest rates to 8% overnight last year but they didn’t.

Better file a lawsuit and get it in front of your Supreme Court since it's so against the Constitution. I'm sure all the conservative think tanks and law firms just missed that one.

Better watch out for nesting birds, straw man. 🦅

But, it isn’t a violation of OUR constitution. Libs mishandling the economy is more or less tradition.

To this “re-run” point, how did they pass the stress tests banks have to go through now? Maybe the stress test is not stressing the right stuff?? It is kinda refreshing that though we may have lost control of our republic to corporations we can shut the corporations down if we (the people) ask for our FDIC money back.

They probably did pass eye, depending on when the audit was run. They invested heavily in govt bonds that was effected due to the inverted yield curve and mortgaged backed securities. Any bank that has ever invested in those deserves their fate.