https://nitter.1d4.us/charliebilello/status/1635982686111121408

  • Circle_circle [any]
    ·
    edit-2
    2 years ago

    In the scenario, the person can either put 5 mil in SVB, lose it, and then get it all back without any worry or they can put that 5 mil into another bank and if it failed, they would lose that 5 mil.

    • MaoistLandlord [he/him]
      ·
      2 years ago

      Ah okay. That makes sense. But didn’t the fed seize it? I thought once that happens they’re gonna get liquidated and normal operations stop