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You’re aware that ~$150B of $200B SVB deposits are not covered by FDIC insurance, correct? I don’t think SVB is going to end up 0, but pointing at 25% of invest
by hailwren 4y ago
You’re aware that ~$150B of $200B SVB deposits are not covered by FDIC insurance, correct? I don’t think SVB is going to end up 0, but pointing at 25% of investments being safe and saying “look regulation works so well” seems absurd.
- lukeschlather 4y agoAll the people involved are institutional investors. 0% of people who have USD savings under $250k are affected by this. On the other hand, anybody who has a significant portion of their net worth tied up in cryptocurrency is affected by this.
- 101011 4y agoMinor correction, people employed by companies that banked with SVB are also heavily affected here.
- FabHK 4y agoIndeed, if your company is in the banking business without understanding the banking business, you might have a surprise coming up. As in most other industries.
- radlad 4y ago... and all the people and companies those companies banking with SVB have to pay?