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by nico
1199 days ago
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> I really don't think the U.S. government will step in to provide additional funds. If it was some small bank that was only impacting “regular people”, then probably the government would not do anything. But that is not the case here. The depositors of SVB are very wealthy and powerful. Also the standard process of selling assets is too slow, and that delay could create a catastrophic domino effect. Famous investors are already calling for the government to fix the issue within 48hrs. Maybe the government will step in as a temporary lender, letting depositors borrow against their deposits, which they will eventually get back. |
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