Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
When I was a teenager, I had a savings account that got overdrawn due to fees for not meeting the minimum balance. Then they just started piling on fees after that until it was further in the negative than it had ever been in the positive over the life of the account.
That's the wild thing, it was a small-town S&L. You fucking expect it when you go in with Chase or Wells Fargo or Citi or something, but these guys were local vampires.
When I was a teenager, I had a savings account that got overdrawn due to fees for not meeting the minimum balance. Then they just started piling on fees after that until it was further in the negative than it had ever been in the positive over the life of the account.
Ooof. I'm sorry. That's fucking rough.
Being charged for being broke and then ending up in a loop of fees. And on a kid no less.
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That's the wild thing, it was a small-town S&L. You fucking expect it when you go in with Chase or Wells Fargo or Citi or something, but these guys were local vampires.