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From the looks of the news stories, it looks like the FDIC isn't as efficient in taking over a bank as it used to be: https://nypost.com/2023/03/10/nypd-called
by mikece 4y ago
From the looks of the news stories, it looks like the FDIC isn't as efficient in taking over a bank as it used to be:
https://nypost.com/2023/03/10/nypd-called-to-silicon-valley-bank-branch-as-depositors-attempt-to-pull-cash-report/ https://nypost.com/2023/03/10/nypd-called-to-silicon-valley-...
- ellisv 4y agoI wonder if the FDIC is just as efficient but this situation is different.
- Kye 4y agoPossibly a forced rush job after that comment about solvency. I think the FDIC usually prefers to do secret operations under the cover of night to avoid problems. With everyone's eyes on the bank, that wouldn't be an option.
- Animats 4y agoWhen the FDIC takes over a bank, they usually have some local cops around, to deal with crowd control and calm down upset depositors. See the 60 minutes video. There's a police car parked in front of the bank, but the cops are not doing much.