This Is Hell! cover image

Botching the Coverage of a Bank Run / Dean Baker

This Is Hell!

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The Risk of a Bank Run

No one was going to lose 100% of their deposits above 250,000. They might have just lost 5%. The media reporting on this has just been incredibly irresponsible. If I had a Silicon Valley bond, say it a $1,000 bond, Silicon Valley bank, I don't get a penny of that unless all the depositors are paid off.

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