None of the SVB customers signed up (or paid premiums) for unlimited depositor i... | Hacker News

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		matthewdgreen on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... None of the SVB customers signed up (or paid premiums) for unlimited depositor insurance. Nonetheless they will now receive that, paid for by a new assessment (tax) on other banks and their customers.

paulddraper on March 13, 2023 [–]

They expected (with 99.8% confidence) to be able to retrieve their deposits in full.

So the 0.2% scenario is turning out different.

vc8f6vVV on March 14, 2023 | [–]

If insurance company had assessed the risk as 0.2% the premium would have been miniscule. But they still didn't pay it, or the risk was not 0.2%?

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