3 ms·
This is like the prisoner's dilemma in real life. Best case situation is for no-one to withdraw. Reporting suggests SVB has a lot of reserves, but them trying
by grumple 4y ago
This is like the prisoner's dilemma in real life. Best case situation is for no-one to withdraw.
Reporting suggests SVB has a lot of reserves, but them trying to raise money suggests otherwise. Weird.
- dkrich 4y agoWhich is why halts/bank holidays can be an extremely effective way of stemming a panic.