So each bank is getting enough to cover $250k for each account?

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Mar 12, 2023
1:28:29pm

reppintheY14 3rd String

So each bank is getting enough to cover $250k for each account?

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reppintheY14

Bio page: reppintheY14
Joined: Aug 15, 2022
Last login: Oct 16, 2023
Total posts: 2,277 (10 FO)

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Messages

Author

Time

Forgive my ignorance, but what are the repercussions of the SVB collapse?

3/11/23 10:34pm

Causing paranoia. People running on the banks, withdrawing capital.

ABN RGR

3/11/23 10:40pm

Go watch It's a Wonderful Life.

ochobeeguy

3/11/23 10:42pm

The heart of venture capital in the US losing hundreds of billions and losing any appetite to invest in the industry

3/11/23 10:43pm

Much, much more than just that!!

ABN RGR

3/11/23 10:47pm

All these start ups will be bought out by Google, Apple and Microsoft...

jrifkin48

3/11/23 10:57pm

They'll be insolvent this month.

3/12/23 1:40am

Not sure about losing appetite to invest

HRCougar

3/11/23 11:00pm

No one knows yet, except that FDIC deposits up to $250K to be made whole Monday.

roseyscenario

3/12/23 10:37am

So each bank is getting enough to cover $250k for each account?

3/12/23 1:28pm

Just in. Treasury to bailout all depositors as Signature Bank closed.

roseyscenario

3/12/23 4:34pm

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