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Igel

(37,437 posts)

4. No, the backstop is nearly universal.

Reply to FBaggins (Reply #2)

Mon Mar 13, 2023, 11:01 PM

Mar 2023

Minus the first 2-3 banks.

The backstop is silent; with SVB's announced run, no political exit was easily possible. For the rest, a 1-year loan is on tap to ensure liquidity, but, as 13 years ago in that bailout, no taxpayer dollars will be expended.

Now, as then, they're merely loaned as necessary, to be repaid.

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First Republic drops 50%, leads decline in bank stocks despite government's backstop of SVB [View all] iemanja Mar 2023 OP

I got some of my IRA money in that bank and got an email from them saying they have liquidity. kimbutgar Mar 2023 #1

Probably because the government DIDN'T "backstop SVB" FBaggins Mar 2023 #2

No, the backstop is nearly universal. Igel Mar 2023 #4

Wall Street over reaction. paleotn Mar 2023 #3