What happens to the money that was in Signature Bank and SVB? I guess it no longer exists, but then the government prints new money to cover the balances, but does this cause inflation? I mean the money is gone, and then new money is created to cover it. I guess thats not inflationary?
Also is anyone auditing the SVB and Signature Bank balance sheets? Does the government just pay whatever SVB and Signature Bank says was in their accounts?
What happens to the money that was in Signature Bank and SVB? I guess it no longer exists, but then the government prints new money to cover the balances, but does this cause inflation? I mean the money is gone, and then new money is created to cover it. I guess thats not inflationary?
Also is anyone auditing the SVB and Signature Bank balance sheets? Does the government just pay whatever SVB and Signature Bank says was in their accounts?