According to our readings about the Silicon Valley Bank (SVB), the FDIC stepped in and took over this bank. Citing "Systemic risk exception", they agreed to cover uninsured depositors (those above $250,000). About how much are those uninsured assets. and how do they plan to recoup the losses to the FDIC Approx $220 Billion and higher taxes to the American people Approx $100 Billion and a luxury tax on individuals making over $250k/yr O Approx $220 Billion and a special assessment on banks OO

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
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According to our readings about the Silicon Valley Bank (SVB), the FDIC stepped in and took over
this bank. Citing "Systemic risk exception", they agreed to cover uninsured depositors (those above
$250,000). About how much are those uninsured assets
the losses to the FDIC
and how do they plan to recoup
Approx $220 Billion and higher taxes to the American people
Approx $100 Billion and a luxury tax on individuals making over $250k/yr
Approx $220 Billion and a special assessment on banks
Approx $100 Billion and using a special capital funds exemption rule due to the Systemic risk exception
Transcribed Image Text:According to our readings about the Silicon Valley Bank (SVB), the FDIC stepped in and took over this bank. Citing "Systemic risk exception", they agreed to cover uninsured depositors (those above $250,000). About how much are those uninsured assets the losses to the FDIC and how do they plan to recoup Approx $220 Billion and higher taxes to the American people Approx $100 Billion and a luxury tax on individuals making over $250k/yr Approx $220 Billion and a special assessment on banks Approx $100 Billion and using a special capital funds exemption rule due to the Systemic risk exception
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