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>You just need confidence in the FDIC. The FDIC insures up to $250k only. You are not asking for confidence but for faith that somehow they'd be willing to gua

• astrange 4y ago
  > The FDIC insures up to $250k only. No, they directly insure $250k and repeatedly and consistently demonstrate their ability to recover everything else by repossessing failing banks and selling them to other parties. They don't promise it's all immediately available past $250k, so it may take some time, but for you to expect a haircut you would need an example of someone getting one. I would prefer this be more explicit policy though. > That's an irrational thing to do when your money is at risk. If you know what a bank run is you know this is causing it, so this is bad game theory (as we see since it caused the bank to fail). You should actually pursue a strategy of stopping everyone else from withdrawing. Screaming at all your founders and panicking in group chats is not that. > Also strange to claim that they don't have a bank anymore... They ain't got one. SVB no longer exists. If you want a new checking account for a new business you cannot get one from DINB of Santa Clara.