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To: qwerty1234

Because it is a financial institution and in finance it has a specific meaning.

If we were taking in a math class I would agree with you but we are not.

In case you missed it the CEO of SVB sold off over 3.5 million in stocks over the last 2 weeks and there are growing calls for a total bail out.

SVB serviced something like 44% of the venture capitalists in tech and healthcare.

Are you so sure they just mean dividing up the assets?


19 posted on 03/10/2023 10:49:54 AM PST by Skwor
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To: Skwor; qwerty1234
Are you so sure they just mean dividing up the assets?

An FDIC advance dividend is a thing and is just as qwerty described it.

Google it.

22 posted on 03/10/2023 11:10:31 AM PST by semimojo
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To: Skwor

FDIC will claw back those funds.


24 posted on 03/10/2023 11:20:10 AM PST by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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