3 ms·
> those depositors just lost their FDIC insurance for any amounts over $250k Did people think that, just for them, a special institution disguised as as a defu
by blitzar 4y ago
> those depositors just lost their FDIC insurance for any amounts over $250k
Did people think that, just for them, a special institution disguised as as a defunct bankrupt bank, was never going to be "that one trick they dont want you to know about" and you would have infinity insurance for $0?
- JumpCrisscross 4y ago> you would have infinity insurance for $0 Post-SVB, this is the system we’ve got.
- blitzar 4y agoIf you hit the one that they dont extend the limit at their discreetion, good luck explaining to the investors why you lost all their money.