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SVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
My First Million
Banks Bailed Out the Single Mothers
The FDIC is basically is funded by other banks. So think of it as an insurance fund and banks pay a premium to that fund. Silicon Valley bank had a $1.8 billion loss because they sold a bunch of 10 year duration bonds for $0.70 on the dollar. And what the Fed announced is that if you're a bank and you've got a lot of 10 year paper that's now worth $60 billion, we will give you a loan for $90 billion so that you can not have this problem.
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