Replying to Avatar Bitcoin Jungle

https://home.treasury.gov/news/press-releases/jy1337

Hmmmโ€ฆitโ€™s not a .gov bailout, but they didnโ€™t 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.*

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This is the correct emoji representation of whatโ€™s happening.