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Not really... the system should protect depositors. Frankly I think there shouldnt be a deposit insurance limit or it should be much higher. Depositing cash in
by xenadu02 4y ago
Not really... the system should protect depositors. Frankly I think there shouldnt be a deposit insurance limit or it should be much higher. Depositing cash in a bank should be safe for everyone.
SVB's executives and shareholders were wiped out. They are the ones with a duty to manage the bank so it is only right they take the hit.
- gsibble 4y agoThe only reason they stepped in to protect these depositors was because their investors were politically connected and powerful and they stood to lost billions.