SVB is out of business. I guess they could not manage fake money anymore. I think the entire silicon valley is based on fake money. One day it will crash very hard. Get ready for the bumpy ride.
Optum kmLn00Mar 10, 2023
On the bright side - no bail out by taxpayers. FDIC came in quick to takeover and pay insured depositors.
Financial Services Company xqstMar 10, 2023
As they should. That’s why they’re in existence and it’s good to see them swoop in so quick.
On the bright side - no bail out by taxpayers. FDIC came in quick to takeover and pay insured depositors.
As they should. That’s why they’re in existence and it’s good to see them swoop in so quick.
Except 97.3% of their deposits were not insured (exceeded 250k). Whomp whomp https://twitter.com/GRDecter/status/1634267470662979592