RE:Fed to backstop SVB AND SignatureThis would have been unthinkable before QE.
Thinking in writing. This will, in effect, increase the money supply as the FED will 'print' money pay out to depositers. One might say that the entire economy is taking some sort of hit.
This seems like a good option at first glance, although there will be a mound of details to work out. In the case of SVB, the newly acheived stability may allow for sale of the company.
One concern that comes to mind is this "New class" of account. It seems to be positioned as a tool that can and will be used again. Let the debating begin.