This is a bailout. FDIC only covers $250,000 but Janet the Jew Yellen says she will cover all losses. SVB has deep ties with israel and yellen is an israel firster.

http://www.stationgossip.com/2023/03/breaking-fdic-to-make-good-all-deposits.html

march 12 2023 The Treasury Department announced in a joint statement Sunday evening with the Federal Reserve and FDIC that all deposits at Silicon Valley bank will be made available on Monday–with the same for Signature Bank which was taken over
Sunday by New York state regulators.

The statement says a special assessment will be made on FDIC member banks to cover any losses and that taxpayers will not bear the cost of any losses. FDIC will also make additional funds available to member banks (in case of more runs).

The move to backstop the banks is being made to stave off runs on banks Monday morning and to prevent systemic failure of businesses with funds in the banks.

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