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muzz
11 months ago
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Big VC, Tech Got Backstop for Billions in Uninsure...
The "haircut" would have been less than 15%, this is why the bailout of $151B in uninsured desposits was less than $20B and not $151B.
So if they had $5M uninsured in SVB they would have received $4.25M and suffered only a 750k loss.
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So if they had $5M uninsured in SVB they would have received $4.25M and suffered only a 750k loss.