It sounds like some sort of backstop. I am with-holding judgement for a couple weeks to see what happens. Hard to figure out reality right away in a 5G Info War. A few days and some anons digging usually clarifies what is really going on.
My understanding is that SVB has a strong asset portfolio, more than enough to make the depositors whole. The problem was they didn't have enough short term liquidity / cash on hand. Something like this. It seems that it isn't a bailout with taxpayer money, so to speak.
They just bailed out SVB.
It sounds like some sort of backstop. I am with-holding judgement for a couple weeks to see what happens. Hard to figure out reality right away in a 5G Info War. A few days and some anons digging usually clarifies what is really going on.
My understanding is that SVB has a strong asset portfolio, more than enough to make the depositors whole. The problem was they didn't have enough short term liquidity / cash on hand. Something like this. It seems that it isn't a bailout with taxpayer money, so to speak.
Let's hope that is the case. 1st I heard of them just out of liquidity. If I'm using the term correctly.