INBOX: "Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13."
"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."
@davidgura I am so thankful @SecYellen is our Treasury Secretary. She is like a banking fairy godmother.
@davidgura If it's not the taxpayer then, who is it? Where is the money coming from to fill the hotel, even it's 1% or 10%? Is it created by the federal reserve and the assets are put on the feds balance sheet? That is still a burden on people through monetary injection.