Yellen says government will help SVB depositors but rules out bailout
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Re: Yellen says government will help SVB depositors but rules out bailout
#2Re: Yellen says government will help SVB depositors but rules out bailout
#3[deleted]
Re: Yellen says government will help SVB depositors but rules out bailout
#4Alternative non-paywalled source: https://apnews.com/article/silicon-valley-bank-bailout-yelle...
"WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. ... "
Re: Yellen says government will help SVB depositors but rules out bailout
#5[flagged]
Re: Yellen says government will help SVB depositors but rules out bailout
#6Alternative non-paywalled source: https://apnews.com/article/silicon-valley-bank-bailout-yelle... "WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. ... "
> but is working to help depositors who are concerned about their money.
Which is ... everybody?
Re: Yellen says government will help SVB depositors but rules out bailout
#7This actually makes a ton of sense, lets not forget that a bailout in this term is really pointing towards saving the bank itself, and its shareholders. There is inherent risk in equity investments, and it likely should have to suffer for its poor decisions.
But when it comes to depositors, I think it makes a lot of sense to make them whole, especially in the case of SVB where the bank likely has pretty close to enough assets to cover the liabilities (deposits), but its tied up in such long term investments that it could take a long time to get it out.
But moreso, when we invest in companies, we deep down know there is a possibility of the investment going to 0. We often don't think when I put money in a bank it can go belly up, this would obviously hurt the trust in our banking environment if depositors not made whole.
Re: Yellen says government will help SVB depositors but rules out bailout
#8[flagged]
The difference is how the bank’s investors fare.
Re: Yellen says government will help SVB depositors but rules out bailout
#9[flagged]
I am not sure why you are so bitter but it’s important do understand that all you do is create more hate with comments like this. The only thing anyone is asking for is to protect the deposits of the people who bank(ed) with SVB. That is it.
Re: Yellen says government will help SVB depositors but rules out bailout
#10[flagged]
SVB probably has enough assets to make most depositors largely whole, but it'll take time. Shareholders are going to wear a total loss. Which sucks for them but this is part of share market game.
I suspect cooler heads will not prevail. And there will be much silliness Monday morning.