not going to do that again. but we are kerneled about the depositors, and we re focused on trying to meet their needs. so they re going to make depositors whole, right, so somebody who has more than $250,000 in the bank will be able to withdraw men to pay payrolls or startup economies but the treasury company is saying this is a back-step, but not a bailout, is she right? there s some semantics going on here. i mean, obviously, the government and ergo, the taxpayers just blanketing banks. they re basically saying these treasury bills we just talked about which if you bought them a while ago have gone down in value. right. not face value, but the interest rate. they re just going to buy them as if they were new. and they ll give you a year to think about it, in a year, they ll decide what to do, certainly by any interpretation, that s a bailout. and they re bailing out the
investors are on high alert whether or not there s other banks in a similar situation. regional banks they got clobbered late last week. i would i have thought we would have seen a bit of a rebound after what the government announced last night, but not so much. you see losses of 40%, 60% from some of these major banks, first republic bank, western alliance, taking significant losses. that s 60% down, we re not talking 60 points down. that s 60% down today. and i think the message from the market is the jury is still out on whether or not washington has done will be enough. these are investors who are concerned about what they saw happen at tvb now potentially happening to other banks. yeah, absolutely. and remember the investors at svb, they were wiped out, the bond holders are getting wiped out. the depositors are being made
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