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I second your point and add: what's at stake here is not just SVB's customers, but the reputation of the entire US Banking system. The shareholders should lose

I second your point and add: what's at stake here is not just SVB's customers, but the reputation of the entire US Banking system. The shareholders should lose all of their investment, that is a no-brainer, but the depositors should not lose 1 penny, and their funds be available on Monday morning. Here's an overlooked deadline: 6:00 PM EST, that is when Sydney (Australia)'s stock market opens. If that opens a lot lower, it will be the start of a free-fall cascade of stock markets worldwide. So, we have less than 5 hours as of this writing for an official FDIC/Federal Reserve statement. Wait for it.

dehrmann 4y ago
> but the reputation of the entire US Banking system Agreed. Advanced economies work because there are things you can take for granted, and you gain efficiencies from that. There are plenty of countries where the currency collapses every decade and banks don't work well. None one looks up to them, no one aspires to start a business there, and they're not leaders in anything other than maybe a commodity. They're places smart people leave.