What is a Bailout?
Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? Were these people “bailed out?” What are the differences between insured depositors getting their cash back, a private sector rescue…
#siliconvalleybank #firstrepublic #galatians #gfc #fdic #ppp #bearstearns #ubs #politicos #breakingthings
