> *isn't coming out of taxpayer coffers. FDIC insurance premiums are paid by the... | Hacker News

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JumpCrisscross on March 12, 2023 | parent | context | favorite | on: Yellen says government will help SVB depositors bu...

> isn't coming out of taxpayer coffers. FDIC insurance premiums are paid by the banks

Fair enough. The FDIC is funded by premiums but backstopped by the Treasury. There is no private insurance function that pays out at this scale the next business day.

KptMarchewa on March 12, 2023 [–]

Which scale? 0 dollars? All of what will be paid on Monday will be paid out of SVB's assets, which are being liquidates as we speak.

JumpCrisscross on March 12, 2023 | [–]

> what will be paid on Monday will be paid out of SVB's funds

Possibly, but not necessarily. FDIC funds pay insured deposits before determinations about assets are made.

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