> Big highlighter on "deposit". No government or even FDIC money is involved in this.
>
> It's significant that this is a private action.
No evidence on my part of back this up, but assuming that the government _isn't_ implicitly involved in de-risking this for banks seems naïve. I don't think these organizations, not exactly known for their civic-mindedness or charity, would risk any of their own precious liquidity without assurances or incentives from the government.
No evidence on my part of back this up, but assuming that the government _isn't_ implicitly involved in de-risking this for banks seems naïve. I don't think these organizations, not exactly known for their civic-mindedness or charity, would risk any of their own precious liquidity without assurances or incentives from the government.