ttsgeysygd

4 ms·

1. 1.▲
   by ttsgeysygd 4y ago

   FWIW, on Thursday it wasn’t clear to me I had so little time to get money out and part of me felt like contributing to a bank run, before it was clear there was a bank run, was not being a good citizen. Still not sure how I feel about it al
2. 2.▲
   by ttsgeysygd 4y ago

   FDIC will unfreeze a non trivial amount of depositors funds by Wed or Thursday. They sold a lot of assets Friday. I’m personally not predicting huge job losses. There are lots of war chest sized balances in SVB that it doesn’t matter if the
3. 3.▲
   by ttsgeysygd 4y ago

   Word is that 50% of assets already sold by FDIC. Which will allow a large chunk of each account to be unfrozen by Wed so companies can make payroll. FDIC is not fucking around. Hat tip to them. Balance to take 2-3 months. Will require an ac