The SVB Collapse, How the Government Responded, and the Era in Tech that Ended This Weekend
Sharp Tech with Ben Thompson
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Do You Need More Than $250,000 in Cash to Live Your Life?
I'm not surprised that depositors were made whole. It's just really bad for the economy if people don't trust that their money is safe in banks. People who put money in a bank, it's not a like they are creditors to the bank. They are basically lending the bank their money. And then the bank is using that money to do other stuff. So theoretically, you should be doing a credit check on your bank. But in practicality, that's just a ridiculous assertion.
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