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> You don't want a situation where everyone has to ask what banks some company puts its money in. Here’s the scary thing: even if the answer was another bank,
by thephyber 4y ago
> You don't want a situation where everyone has to ask what banks some company puts its money in.
Here’s the scary thing: even if the answer was another bank, the average person wouldn’t know if that bank was just as weak as SVB.
If people think SVB is contagious for their vendor, that’s one problem. If they start to see every bank as a potential SVB next week, that’s a whole different problem for the entire economy.