3 ms·
$10mm of deposits at SVB is worth way more than $250k. We don't know exactly how much though. That money didn't just vanish, it got tied up in ways that make it
by mrkurt 4y ago
$10mm of deposits at SVB is worth way more than $250k. We don't know exactly how much though. That money didn't just vanish, it got tied up in ways that make it hard for depositors to withdraw it.
So no, it's not a depositor bailout for everything greater than $250k.