BTC India
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The deposit insurance fund had assets of a little over $128 billion invested in government securities. The Fed’s $143 billion loan to the FDIC indicates that the actual cash needs of the SVB and Signature Bank failures would have more than exhausted the FDIC’s deposit insurance fund
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View Reddit by CoHemperor – View Source
Yea when you insure anything
>The Fed is now borrowing to fund the FDIC loan as well as the Fed’s own operating losses to the tune of $184 billion, and yet these costs do not show up in the Federal budget deficit nor do the Fed’s borrowing count against the congressional Federal debt ceiling even though these borrowings clearly are U.S. government debt.