From the thread on /v/.
>>>/v/797850
Yellen said "no bailout, but we're going to secure those unsecured deposits anyway" which is the definition of a bailout.
https://www.zerohedge(Please use archive.today)/markets/yellen-says-government-will-help-svb-depositors-no-bailout-fed-fdic-hopes-talk-special
Moreover, the emergency Fed meeting is happening because they're fucking shitting themselves at other banks having (collapse-level) runs starting on Monday, both in the stock market and by regular people/small businesses withdrawing everything they have. They don't have the kind of time they used to have to act anymore. Smartphones now let people transact nearly instantaneously, on a global scale. They can't just "shut the market for a day and use the Plunge Protection Team to bolster things secretly in the background" because they simply can't act quickly enough anymore.
https://www.zerohedge(Please use archive.today)/markets/should-scare-hell-out-bankers-regulators-worldwide
The Fed is actually weighing the idea of making it easier for smaller banks to reach the discount window (literally what caused the 2008 crash). Even I (you have no idea who I am, but trust me, I have a long history of believing that no good changes will happen in society, and every time I've said they wouldn't I've historically been proven right) now have a tiny flicker of hope that all the diversity hiring has made it so that ZOG institutions can't maintain themselves anymore, and they might actually make decisions that cause losses to THEIR power, not just ours.
https://www.zerohedge(Please use archive.today)/markets/svb-latest-developments-live-blog-fdic-auction-failed-svb-assets-underway
All this is happening in realtime, anon. They're desperately trying to come up with a solution before futures trading opens, and then before the Monday market opens (and businesses start needing their payroll they can't access). It's a wild ride. If this was a chimpout, we'd have a livestream thread God, I miss the good old days of those back on 8chan.
>>>/v/797841
>>>/v/797849
It might not be a bailout but there will almost certainly be some money used to speed up asset recovery.
Over 90% of balances are covered, the bank's positions just aren't liquid. They bought a bunch of bonds that aren't worth much right now and will take another 9-10 years to mature. The government could just give them the full value on the bonds now, which is a subsidy but it's just repaying a loan early. They could also front some money to make up the gap between what the remaining bonds cover and what they don't.
I think most people would consider this a bailout but it's not and it wouldn't be called one by the government. They would view this as a way to stem more economic disruption.
At the end of the day, it's fun to laugh at these assholes. They mismanaged their, and other people's money. They funded a lot of dumb bullshit. But they're not the source of the bullshit and it won't die with this bank. If companies can't make payroll then they're liable, regardless of the cause. It's potentially going to cause a ton of smaller firms to die, not because they didn't have assets but because they couldn't access them on short notice. And then when a bunch of people lose their jobs and those companies die, it just has a ripple effect on the economy. Why? Because the money was needed Wednesday and the earliest they could get a check was Thursday, so now the business has to close?
If you got kicked out of your house or something over a payment that was one day late, and you gave notice it would be, you'd call bullshit.
Hopefully the $250k FDIC insurance is enough to cover payroll until assets can be covered. If not, then Congress needs to, at minimum, pass a law waiving liability for late paychecks under this circumstance.
Realistically, bailout or not, depositors are getting 90% or more of their assets back on average.