[hartator]

> 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.

[joshuamorton]

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.

[hartator]

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

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

[joshuamorton]

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.