87: SVB's Risky Bailout and The Bank Run “Domino Effect”
On The Market
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Three Things the Fed Did to Protect Depositors in Silicon Valley Bank
The FDIC said that it would guarantee deposits of all deposits from both signature and SVB. The third thing the Fed did was loosen the rules around accessing reserves. So other banks won't face the same issues that SBB did. It might not be called a bailout, but it's definitely bailout-esque, you know?
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