3 ms·
It’s from the hubris and excesses of recent SV culture. And most Americans have no conception of being able to have 250k in a checking account. The vengeance
by dpweb 4y ago
It’s from the hubris and excesses of recent SV culture.
And most Americans have no conception of being able to have 250k in a checking account.
The vengeance attitude can be taken too far however but as depositors are ultimately made 80-100% whole seems a reasonable outcome.
Bottom line uninsured means uninsured. Read your contracts. Although shouldn’t be angry if they can be made whole.
- hgsgm 4y agoMost Americans work for a company that does in fact have $250K in a checking account like SVB...
- prewett 4y agoGP's point was that they have no conception of that, so it affects how they think about things, and their proposed solutions. The fact that the situation they have no conception of happens frequently, even near them, means that their proposed solutions are likely to be inapplicable.