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> "regardless if it was over the insured limit" Sorry, dude, this is flat-out wrong. Please go find out what happened to depositors over the FDIC limits at Ind
by Asparagirl 4y ago
> "regardless if it was over the insured limit"
Sorry, dude, this is flat-out wrong. Please go find out what happened to depositors over the FDIC limits at IndyMac and Silver State, just a few years ago.
- TMWNN 4y agoI don't know where this idea that "Everyone who has ever banked at a bank that went bust has gotten 100% of their money back" came from, but I keep seeing it in SVB-related discussions, so thank you for correctly citing IndyMac. ("Everyone who has ever banked at a bank that went bust has gotten 100% of the money FDIC guarantees" is correct, but that's not what they're saying.) Given that more than 90% of SVB accounts are larger than $250K, this is especially relevant!
- colechristensen 4y agoHonestly it is difficult to find the correct information from reliable sources.