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Also that all these customers knew their funds weren't insured.
by dehrmann 4y ago
Also that all these customers knew their funds weren't insured.
- hackernewds 4y agoThat is true for every bank. Know that in such a scenario NO bank can virtually back $45B in withdrawals.
- dehrmann 4y agoWhat's different is how many large accounts SVB had. Most banks have a higher share of funds in smaller accounts. For people with less than $250k at the bank, there's less incentive to withdraw all your funds.