U.S. Treasury says Silicon Valley Bank, Signature Bank 'not being bailed out'

The official said the steps were taken to stabilize the financial system and protect depositors, and did not constitute a bailout of either firm. No losses of either bank will be borne by U.S. taxpayers, the official said.

Together with the Federal Reserve's decision to make funds available to eligible financial institutions and ensure they can meet the needs of all their depositors, the steps would "restore market confidence," the official said.

Source: Financial Digest (financialdigest.net)

'It's not news, it's Reuters'

the fact-checkers are busy this morning updating the finer details of the definition of the word 'bailout'

Seems like a lot of people (not doing their due diligence) are being bailed out. These banks took advantage of startups needing capital and startups took the bait as a means of getting capital they could not get elsewhere. Both are now being 'bailed out'.

Same organization that felt they had the moral authority to “fact check us” on government lies.

Where do you find these images? It's too theatrical.

Then they must explain in detail in a language that ordinary people understand ( without any fancy economic terms).

gcanderson57 Because they have a new term for it.

😂😂😂😂

US Treasury is not telling the truth. It was a bailout.

Fed is the best, they do near impossible task of not only screwing themselves, but, the masses as well! All in one stroke!!

Semantics…

That means they’ll be bailed out and callit something else. 🙄

Why tf are we bailing out SVB? Why are average Americans footing the bill again? SVB have enough assets to cover their balance sheet. Does billionaires need to get the money this quickly? POTUS is for the people or for the billionaires?

Its not a bank bailout. Its a lifeline to cover the accounts of those who had accounts with them. The bank itself can go F off for letting it get to that point. Where was the oversight. There Should be criminal prosecution for that.

Government gaslighting

They already said they were. Are they just freaking people out?

I remember when they yelled not-QE about big repo program, and then QEd it to their balance sheet in the end

So many different reports out in this. Gets your facts straight

What's with this picture?

No bail outs

Absolutely, 'no bail out;' instead, the US Treasury must apply regulatory & corrective measures - use all necessary tools in the kit, incl. accountability.

Because “bail out” just sounds bad.

Whatever you do, don't call this blatant bailout a bailout.

Im sick of the word games.. it is a bail out with tax payer money

🤔 'FDIC deposit insurance is backed by the full faith and credit of the United States Government.'

That’s a new spin bc they in fact are. Someone has to pay for it? Taxpayers or consumers which is the spin.

Bullshit !!! It’s a bailout . You are bailing out these crooks who sold stock and took massive bonuses just before the collapse . Disgusting

😂😂😂lol ok

'Believe what we tell you, not what you can see with your own eyes'. That is how the world operates today. Most people just go along with it and those that don't are called conspiracy theorists.

Manhattanpeachy Good

It’s being covered by FDIC and any shortcoming is being raised as an assessment on member banks. Basically the banks have to bail themselves out.

Still a BAIL OUT no matter how you word it, are they redefining the meaning of BAIL OUT now!

What? Is it or not?

After the bankruptcy of the SVB bank, Americans began to queue in front of other banks to withdraw their money. It is thought that there will be a second economic crisis after the 2008 Lehman Brothers crisis. Is America sinking?

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