Tom Hoenig discusses SVB on CNBC

Tom Hoenig appeared on CNBC’s Squawk on the Street earlier today and talked about the FDIC’s decision to backstop SVB depositors.

Squawk on the Street @SquawkStreet

Will the FDIC's decision to backstop $SIVB depositors weaken market discipline moving forward? @tom_hoenig thinks so, saying the agency has set the expectation that it will assist other regional banks suffering similar distress moving forward.