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re: Make no mistake, Silicon Valley Bank was woke
Posted on 3/12/23 at 8:25 am to Geauxldilocks
Posted on 3/12/23 at 8:25 am to Geauxldilocks
Poorly run banks fail. Especially if everyone was sensing it was a poorly run bank and just kept hanging around. But this is really what the FDIC was created for, is it not?
1
Posted on 3/12/23 at 3:06 pm to Giantkiller
Point of FDIC is for rank and file depositors not to get fricked because of things outside their control, such as when the Depression killed tons of banks.
The $250K limit is there so that regular people don’t lose their life savings. It shouldn’t get expanded so that a bunch of high rollers who knew the bank w was having issues could be made whole.
The $250K limit is there so that regular people don’t lose their life savings. It shouldn’t get expanded so that a bunch of high rollers who knew the bank w was having issues could be made whole.
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