> Yellen has just broadcast that FDIC insurance is essentially unlimited, as long as you can threaten wider disruption to the economy.
with this quote from the Treasury Dept statement?
> "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."
C'est la vie.
As said above: would you prefer to see hundreds or thousands of small companies fail, their employees go on unemployment insurance, etc.?
Wouldn't SVB have been sold at auction by the FDIC if that were likely to happen?
I don't want to see startups fail or people lose their jobs, but this all feels like a cloaked way of passing the cost of the bailout onto the taxpayers (via raised FDIC fees that will trickle down).
The fungibility of money aside, my personal taxes will not pay for this.