3 ms·
"Lost" implies they don't know where they went. No it doesn't.
by dfxm12 3y ago
"Lost" implies they don't know where they went.
No it doesn't.
- Ensorceled 3y agoYes, yes it does. The document says ... "Total Deposits Declined Substantially Quarter Over Quarter, but Insured Deposits Increased" Declined makes sense, "lost" doesn't.
- dfxm12 3y agoDeclined makes sense, "lost" doesn't. "US banks declined $472B in deposits in the Q1 2023" (fdic.gov) So they turned the money down? No, that doesn't sound right...
- aezart 3y ago"US Bank deposits down $427B in Q1 2023" would make the most sense. I also read "lost" as "lost track of", as in "we received these deposits but then don't know where they went".