CNBC reported that SVB had roughly $209 billion in total assets and $175.4 billion in total deposits as of the end of December.
At the end of 2022, the FDIC reported that its Deposit Insurance Fund had a balance of $128 billion, about 1.27% of the total insured deposits.
If the FDIC's intentions are to make all depositors whole, way above the 250,000 insured cap, where is that money going to come from? As I understand it, that money will not come from taxpayer money. So if it's not taxpayer money then it's the FDIC's money... but they don't seem to have it.
