3min chapter

Money For the Rest of Us cover image

Are More Bank Runs Coming? The Collapse of Silicon Valley Bank

Money For the Rest of Us

CHAPTER

What's the Difference Between Public Money and Private Money?

On March 8th, the stock was still selling for $267 per share. But now, it's worthless. FDIC announced that they created the Deposit Insurance National Bank of Santa Clara. insured depositors would have full access to their deposits come Monday morning, March 13th, 2023. The uninsured depositor would get an advanced dividend within a week and then receive receivership certificates for the remaining amount.

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