Subnostr

Anyone read about the Feds BTFP response to SVB?

“No losses would be borne by the taxpayer. Any shortfall will be funded by a levy on the rest of the banking system. Shareholders and certain unsecured debtholders will not be protected.”

Didn’t really see that coming.

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Discussion

Andy The Bitcoin Adviser 2y ago

And the levy on the banking system is going to paid out the pockets of the bankers? where do they think that’s going to get passed on too?

⚡️🌱🌙 2y ago

Bitcoin?

😂

Travellr 2y ago

Account holders will pay anyway thru the levy…. Costs will be passed on by the banks