LeoWandersleb on Nostr: To my understanding, "FDIC and the FED" promised to bail out SVB but I couldn't find ...

To my understanding, "FDIC and the FED" promised to bail out SVB but I couldn't find how. I did hear though that 95% of the funds were over the FDIC limit ($250k), so that would be a wild precedence for other banks going under. An insurer that pays more than it has to. I assume the FED printed the bail out money and wonder if they touched FDIC funds at all.