The regulators panicking and putting a tiny backstop of $25BN vs $150BN+ of uninsured deposits to attempt to stop a run on the bank is a resolution?
This is only to calm the markets before market open. We'll see if that enough to stop a bank run when this time everyone knows about the SVB situation and withdraws all their money at the same time.
Seems like this is an attempt to save the VC pyramid scheme that got caught up in the collapse and needed government intervention to 'save' them.
This is only to calm the markets before market open. We'll see if that enough to stop a bank run when this time everyone knows about the SVB situation and withdraws all their money at the same time.
Seems like this is an attempt to save the VC pyramid scheme that got caught up in the collapse and needed government intervention to 'save' them.