Imgflip Logo Icon

So are taxpayers now backstopping hundreds of billions of uninsured corporate deposits?

So are taxpayers now backstopping hundreds of billions of uninsured corporate deposits? | FOR SVB BANK THE FDIC INSURANCE LEVEL IS NOW UNLIMITED. SOMETHING IS REALLY ROTTEN IN DENMARK. | image tagged in corporate greed,crooked,joe biden | made w/ Imgflip meme maker
171 views 10 upvotes Made by AmericanViking 2 years ago in Real_Politics
4 Comments
5 ups, 2y,
1 reply
While share holders and bond holders are SOL. the Fed is coming up with the money for depositors. But where is that cash coming from?
3 ups, 2y,
2 replies
From future costs passed on to all bank depositors across all banks. Contrary to Biden's thinking, those depositors are taxpayers.
1 up, 2y
Phil Swift That's A Lotta Damage (Flex Tape/Seal) | JUST FIX IT WITH FLEX SEAL | image tagged in phil swift that's a lotta damage flex tape/seal | made w/ Imgflip meme maker
Will the Fed just print more money, resulting in devalued dollar? What about the other $620B paper losses at other banks?
1 up, 2y
How does $620B get passed on as increased banking fees/interest rates? Where does the short term cash come from before those future revenues materialize?
Created with the Imgflip Meme Generator
EXTRA IMAGES ADDED: 1
  • Joe Biden confused head
  • IMAGE DESCRIPTION:
    FOR SVB BANK THE FDIC INSURANCE LEVEL IS NOW UNLIMITED. SOMETHING IS REALLY ROTTEN IN DENMARK.