IT IS A BAILOUT accompanied by word salad.
When will the government stop spending tax payer money to bailout incompetent managements at banks and corporations?
Reckon there is 10% for the big guy in the bail out? Even bail bondsman get 10% for posting bail.
A bailout would require stock and bond holders of SVB’s securities to get rescued. I haven’t seen any evidence that investors are getting bailed out.
Rescuing the foolhardy who had balances in excess of FDIC is a different matter. It’s arguably unwise and rewards a bank customer’s indifference to risk but it isn’t a bailout.