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The US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a
by ladon86 4y ago
The US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a few bank failures, but not dozens.