4 ms·
I think the wording in the FDIC order was that customers were "initiating 42bn of withdrawals."[0] Doesn't mean those went through (in fact many from what I hea
by bryfb 4y ago
I think the wording in the FDIC order was that customers were "initiating 42bn of withdrawals."[0] Doesn't mean those went through (in fact many from what I heard didn't.)
Still certainly very possible that the analysis is incorrect.
[0] https://dfpi.ca.gov/wp-content/uploads/sites/337/2023/03/DFPI-Orders-Silicon-Valley-Bank-03102023.pdf?emrc=bedc09 https://dfpi.ca.gov/wp-content/uploads/sites/337/2023/03/DFP...
- ummonk 4y agoAh yeah you're correct good catch.