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In The Media

3 Tweets by Financelot on Twitter

by Larry Chiang on June 26, 2023

10 depositors had $13.3B in SVB, that’s why the FDIC bailed them out. 
(Spoiler alert: They were Chinese accounts)
This wasn’t about systemic risk, it was about bailing out the billionaires who were caught.image2.png
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Financelot
⁦‪@FinanceLancelot‬⁩
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They aren’t saving the financial system. They’re buying the banks time to unload their positions. pic.twitter.com/M3nl4eQEuB
 
3/28/23, 3:40 AM
 
 

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