3min chapter

Plain English with Derek Thompson cover image

Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?

Plain English with Derek Thompson

CHAPTER

Is the FDIC Limit Just Infinity?

In a way, this was the first Twitter bank run or the first social media viral bank run in American history. The customer base of this bank is on group chats all day anyway. People seem to act in their own self interest when they were in the trenches. To what extent do you think this moment sort of exposed something about the true nature of Silicon Valley?

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