Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Comments ( https://news.ycombinator.com/item?id=35127063 )

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

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Translation: we've fired the existing management, we're just going to print a load of money to balance SVB's books for them, and if this approach gives you confidence in the banking system going forwards we also have some beachfront property for sale in Alice Springs.