https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
Discussion
So, if I’m reading this correctly, Silicon Valley Bank depositors will be bailed out, and the cost will be borne by the shareholders of other banks, and their depositors.
Not just other banks’ depositors, I guess, but any or all of their customers.
Incorrect. The cost will be borned by the rest of us having our fiat savings deflated (if we have any) due to money printing to pay for all this...
well technically you are correct sorry... depositors of other banks..not shareholds...those are the feds buddies who will be fed the freshly printed toilet paper