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> Levine was saying, and it sounds right to me, that when your depositors are a mix of ordinary people, they aren't all talking to each other or even paying att
by twblalock 4y ago
> Levine was saying, and it sounds right to me, that when your depositors are a mix of ordinary people, they aren't all talking to each other or even paying attention, it prevents a stampede when there isn't any actual problem.
I think social media changes that.
Plus this is front-page stuff for every major news organization, which is not what would happen if a small regional bank that doesn't matter fails (which happens multiple times per year). Plus it comes at a time when people are already nervous about the economy for a number of reasons, including Fed rate increases which are directly related to the devaluation of SVB's investments.