Money printer go brrrrr
Losses are born by the taxpayer, most just don't realize it because inflation is a silent killer.
#[0]
"No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."
So, who pays? Get #bitcoin
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
Discussion
According to the joint statement, “Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks . . . .” Which means losses are borne by the shareholders of *other* banks, their customers, and their employees.