3 ms·
SVB catered to business customers, so the FDIC essentially bailed out businesses. If a regular bank failed with your average-joe customers, I'll wager FDIC won'
by batmaniam 4y ago
SVB catered to business customers, so the FDIC essentially bailed out businesses. If a regular bank failed with your average-joe customers, I'll wager FDIC won't do anything.
It's always when the rich get screwed, rules get bent. I'll be curious to see when a bank for retail customers get screwed, but I hope it never happens.