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.
Account holders will pay anyway thru the levy…. Costs will be passed on by the banks
Please Login to reply.
No replies yet.
