Did JP Morgan Cause a Record Bank Run Which Drained A Quarter, Or $42BN, Of SVB's Deposits In Hours, Leaving It With Negative $1BN In Cash; Also includes a short list of depositors at SVB. - The Great Awakening

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Did JP Morgan Cause a Record Bank Run Which Drained A Quarter, Or $42BN, Of SVB's Deposits In Hours, Leaving It With Negative $1BN In Cash; Also includes a short list of depositors at SVB. (www.zerohedge.com)

posted 1 year ago by Jscholl17 1 year ago by Jscholl17 +31 / -0

Record Bank Run Drained A Quarter, Or $42BN, Of SVB's Deposits In Hours, Leaving It With Negative $1BN In Cash

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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– Threeballes 0 points 1 year ago +1 / -1

Hard to believe that it is this easy to destroy a large bank, but it is just a confidence game. Pretty scary stuff.

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