Birdwatch Note Rating
2023-03-11 15:00:58 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FF7DEBF942AE21B0C0C1B5F04D7EEA1F32131F30EC999CC15A627D2E40DD088C
Participant Details
Original Note:
Treasury and The Fed cannot execute a bailout or force a bank merger on their own. As what happened in 2008, either a large bank would have to agree to acquire Silicon Valley Bank or Congress would need to approve a taxpayer-funded bailout for anything to happen. https://files.stlouisfed.org/files/htdocs/publications/review/08/03/Poole.pdf https://www.cnbc.com/video/2023/03/10/why-silicon-valley-bank-may-be-the-ideal-candidate-for-a-bailout.html https://time.com/6262009/silicon-valley-bank-deposit-insurance/ https://www.fdic.gov/resources/deposit-insurance/faq/#:~:text=Investment%20products%20that%20are%20not,covered%20by%20FDIC%20deposit%20insurance.
All Note Details