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Politics : Politics for Pros- moderated
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To: teevee who wrote (778839)3/12/2023 10:06:03 PM
From: kech   of 793559
 
Their position is a little different. They say they are protecting depositors, not shareholders or bond holders, so it isn't a bailout.
"Similar to the Fed's position, Treasury officials stressed these actions protect depositors, not investors, and pushed back on the notion these actions constitute a bailout given equity and bondholders in Silicon Valley Bank will be wiped out."
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