Post #1254474: @FDICGov's press release makes it sound like Firs…
@FDICGov's press release makes it sound like First Citizens Bank took all the loans that #SiliconValleyBank had on its books.  But... it did not.  $90 billion in toxic loans were left behind. Cost to taxpayers currently estimated at $20bn but it willll rise.

@FDICGov's press release makes it sound like First Citizens Bank took all the loans that #SiliconValleyBank had on its books. But... it did not. $90 billion in toxic loans were left behind. Cost to taxpayers currently estimated at $20bn but it willll rise.

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