FDIC makes it clear that people that need to get paid, will get paid, even startups that had approved lines of credit with #SVB prior to the VC-led bank run:
"When the FDIC is appointed receiver, it immediately begins analyzing loans that require special attention, such as unfunded and partially funded lines of credit, and construction and development loans."
The money is there. The profits for the bigoted billionaires are gone. That's why they're demanding a bailout.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/borrowers/
More proof that a government bailout would go straight to the pockets of the 1%: Hedge funds are reportedly offering 60-80 cents on the dollar for certain #SVB assets. This tells us 2 things: there's profit to be made on the assets of SVB *and* the 20%-40% loss would be the amount that taxpayers would be gifting to the a—holes that literally directed this meltdown.
https://unusualwhales.com/news/hedge-funds-are-offering-to-buy-startups-deposits-that-they-are-unable-to-access-at-silicon-valley-bank-for-as-little-as-60-cents-on-the-dollar
More proof that a government bailout would go straight to the pockets of the 1%: Hedge funds are reportedly offering 60-80 cents on the dollar for certain #SVB assets. This tells us 2 things: there's profit to be made on the assets of SVB *and* the 20%-40% loss would be the amount that taxpayers would be gifting to the a—holes that literally directed this meltdown.