- Silicon Valley Bank's depositors were protected, while shareholders and executive team got nothing.
- Bailouts in the Great Financial Crisis were largely about protecting depositors.
- Several Wall Street Banks were given cash injections to keep them going.
- The US financial system has changed profoundly due to the rescue.
- The Fed is offering loans against certain collateral valued at par.
Why the US Backstop After SVB’s Failure Is a Bailout
In the end, all of Silicon Valley Bank’s depositors were protected, while the shareholders and executive team got nothing. This is what a bunch of people were calling for to happen.
Joe Weisenthal
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