Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> can someone explain how it's possible that despositors are fully protected, far beyond what FDIC insures, without the taxpayer bearing any of the burden

Depositors are made whole. Shareholders are not. There were enough assets sold over the weekend to cover deposits.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: