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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Neuromancer ⎊  😊 😞
Number: of 12641 
Subject: Re: SVB bailout
Date: 03/16/2023 6:25 PM
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No. of Recommendations: 4
"At this point, the plan was for all insured deposits to be made whole on Monday morning, up to the $250,000 limit. "

IMHO, there should be no limit on FDIC insured deposits. Part of a government's job is to protect its citizens. If a bank is federally chartered and insured, the government should guarantee the return of those deposits. Failure to do so implies that they failed to provide sufficient oversight of the standards for being chartered and insured, or that those standards are not sufficient - in which case, they should be changed.

Note, that applies to deposits only, not investors or management (indeed management should be replaced and possibly fined).
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