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> while depositors kept their deposits. The system works.

I think depositors should still refund the 4.50% APY SVB on business savings was paying.

> No government money was spent making depositors whole.

That’s not true. There was a new 50bn debt hole in money created from thin air. Tax payers are footing the bill temporary at minimum.




They aren't though, that's the point of the deposit insurance. The government has a non-taxpayer funded bucket of money for exactly this purpose, and no money was created from thin air.


These are tax payer liabilities at the end of the day.

You can view it here: https://twitter.com/jacksage_nft/status/1638494009361420290?...


That's wholly unrelated to the bailout. The FDIC would have been able to bail out both banks whether or not the fed changed rates.




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