So the money there to protect other banks also up to 250k is being used to give svb depositors their UNINSURED portions?
Can someone clarify if I interpreted that correctly?
That is the same way I understand it.
They are trying to confine the entire bail out to the FDIC.
The FDIC, I believe, is 100% funded by member banks.
Therefore - no politically inconvenient deficit spending assigned to the Biden budget.