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mk · 618 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
I don’t think it had anything to do with the type of depositors, but everything to do with preventing contagion. I think this was much bigger than politics.
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https://www.reuters.com/markets/us/first-republic-bank-tumbles-drags-down-shares-other-regional-lenders-2023-03-16/ It’s a desperate struggle atm. The left hates SVB depositors. No political points were scored.