* No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.*
๐๐
๐๐๐๐คฃ๐คฃ๐ ๐๐ฉ๐คฎ
https://home.treasury.gov/news/press-releases/jy1337
Hmmmโฆitโs not a .gov bailout, but they didnโt name a buyer from the auction held today. Does that mean the FDIC be covering all the losses here?
* No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.*
๐๐
๐๐๐๐คฃ๐คฃ๐ ๐๐ฉ๐คฎ
This is the correct emoji representation of whatโs happening.