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It's not true that "no one can survive a bank run", though, and that's why SVB is at fault here, and not just a victim of circumstance.
by Zetice 4y ago
It's not true that "no one can survive a bank run", though, and that's why SVB is at fault here, and not just a victim of circumstance.
- hellcow 4y agoWell, yeah, that’s why SVB no longer exists, all the execs are canned, and shareholders are losing their shirts. But depositors trusting a highly rated bank with a 40-year history shouldn’t be a “big bet” or gamble. For the risks startups take, this is about the lowest of the bunch.
- cma 4y agoThe risk is low because of the assumed bailouts.