Yes, but most of the depositors had more than the FDIC limit. Plus the FDIC doesn't have unlimited assets. We've had a number of bank failures recently, with more to come. The FDIC won't be able to reimburse everybody, even for part of their lost deposits.
Not all of the people banking with SVB are committing crimes against humanity tho
How do you know? It sounds like a honey pot.
The small fish should get the FDIC insurance, right?
Yes, but most of the depositors had more than the FDIC limit. Plus the FDIC doesn't have unlimited assets. We've had a number of bank failures recently, with more to come. The FDIC won't be able to reimburse everybody, even for part of their lost deposits.
IMO they will print tons of money to cover the failures and inflation will go up 5000% kek
Agreed. The smaller fishes for the first domino (bank) have a better shot at getting their money back. Under the $250k limit of course