1 sat \ 2 replies \ @ek 13 Mar 2023 \ parent \ on: US rolls out emergency measures after Silicon Valley Bank collapse bitcoin
What about
Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
With people who are at fault we mean the VCs who put their money into that bank and are now bailed out?
But the shareholders are other people?
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1 sat \ 1 reply \ @mf OP 13 Mar 2023
I wouldn't worry too much about the details. One way or another, if not now then later, the whole thing will implode. So just GTFO of their no-fixed-rules monopoly game.
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0 sats \ 0 replies \ @ek 14 Mar 2023
I am already out of it and was never in it.
I just care about details.
But I think this answered my questions good enough: https://www.youtube.com/watch?v=oHjDCC6Vigc
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