3 ms·
> Resolved so smoothly we don’t even talk about it less than a year later. Except now with the banks understanding that FDIC will make depositors whole, above
by FireBeyond 3y ago
> Resolved so smoothly we don’t even talk about it less than a year later.
Except now with the banks understanding that FDIC will make depositors whole, above and beyond the $250K limits.
The only thing this does is increase banks comfort with risk.
- AnimalMuppet 3y agoNot if the managers got fired. Not if the stockholders got wiped out. The stockholders care more about the stockholders than they do about the depositors. This is also true for most of the managers, maybe all of them.
- FireBeyond 3y agoMost of SVB's executive team are now working at other banks as executives there. That to me signals that those banks are willing to roll the dice that "maybe we don't take as much risk as they did at SVB, but more than we're doing now".