Parts of it seem like a bailout but for now it seems most of the money is coming from the sold off assets of Silicon Valley Bank and the Deposit Insurance Fund, which is supposedly funded by banks. I question what assets are going to be sold, how that is going to affect the economy, and what happens when the Deposit Insurance Fund runs out of money? This sure does seem like a band-aid fix of a way to prevent a bank run.
Parts of it seem like a bailout but for now it seems most of the money is coming from the sold off assets of Silicon Valley Bank and the Deposit Insurance Fund, which is supposedly funded by banks. I question what assets are going to be sold, how that is going to affect the economy, and what happens when the Deposit Insurance Fund runs out of money? This sure does seem like a band-aid fix of a way to prevent a bank run.