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No FDIC insured account has ever lost a penny, despite bank failures happening.
by wbl 4y ago
No FDIC insured account has ever lost a penny, despite bank failures happening.
- Narkov 4y agoI don't disagree with you. Bank runs can still happen even with the (successful) FDIC backstop.
- zamnos 4y agoHm? Plenty of them did back in 2008. They were only insured uptm to $100k back then, it's up to $250k now but anyone who has more than that in the bank, which plenty of companies do, is sitting on a pile of risk. So then you withdraw your money from SVB down to $250k and then everyone else doing that - you have your bank run.