SVB has enough assets to cover their deposits. They just don't have enough liquidity. Depositors will get their money back, but it might not be immediately.
Small accounts (less than $200,000) will have their money in days, because those deposits are insured .
There is no reason for a mass bank run. Why not tell people the truth instead of demanding a ridiculous bailout? Is he trying to kill small banks?
The bank run won’t be done by little people. It’s going to be companies with more than $250k in a bank that will be moving money around. Those multi-million dollar withdrawals are going to be difficult to cover if they all happen Monday.
SVB has enough assets to cover their deposits. They just don't have enough liquidity. Depositors will get their money back, but it might not be immediately.
Small accounts (less than $200,000) will have their money in days, because those deposits are insured .
There is no reason for a mass bank run. Why not tell people the truth instead of demanding a ridiculous bailout? Is he trying to kill small banks?
You'll know they were solvent if Chase gets it for a pittance this weekend...
The bank run won’t be done by little people. It’s going to be companies with more than $250k in a bank that will be moving money around. Those multi-million dollar withdrawals are going to be difficult to cover if they all happen Monday.
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