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If deposits are usually only covered up to $250,000, why is the FDIC covering all deposits in this case? 0 Silicon Valley has a lot

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If deposits are usually only covered up to $250,000, why is the FDIC covering all deposits in this case? 0 Silicon Valley has a lot of political power. 0 SVB is considered too big to fail O The FDIC can do this if there is a risk that failure at one bank could cause others to fail. The Fed authorized this move because its increase in interest rates led to SVB failing

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