Banks Walk the Plank 🏴☠️ | SVB, Silvergate, Mt.Gox, Mortgages & Bond Talk with a Baby Onboard
Pirates of Finance
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Is the FDIC Insured Deposits Going to Be the Majority?
The FDIC came in and at least put part of Silicon Valley bank into receivership. And then for the insured deposits like you're saying up to 250 K they said they'll be they'll be access to that money on Monday. But none of that is really a problem in theory unless everyone decides to take your money out right and then you get the classic bank run. Once you get the bank run then the balance she completely falls apart.
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