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Yeah this is nothing like the 2008 meltdowns. When WaMu and other banks went kaput it was an eeriely orderly and controlled 'demolition' with almost zero disru
by qbasic_forever 4y ago
Yeah this is nothing like the 2008 meltdowns. When WaMu and other banks went kaput it was an eeriely orderly and controlled 'demolition' with almost zero disruption for customers. The banks exploded on a Friday and were back open with the FDIC and giving customers full access to funds that Monday. There was a lot of communication and reassurance from the FDIC that no one would lose anything.
Here it seems like they're just shrugging shoulders and saying "I dunno maybe you'll get some of your money back, but no promises". Good luck to anyone that had major uninsured deposits there, I hope it works out in the end but it doesn't seem like any real help is coming.
- creato 4y agoI don’t think there’s much real difference, just the twitter (and HN) peanut gallery is so much louder it’s distorting people’s understanding of the situation.