I am in a small town in Nebraska. I will be headed to the bank when it opens in about an hour. I am curious to know if this sleepy town is aware... and, perhaps those who might be doing the same thing as me are fellow Anons...
I will report later.
I am in a small town in Nebraska. I will be headed to the bank when it opens in about an hour. I am curious to know if this sleepy town is aware... and, perhaps those who might be doing the same thing as me are fellow Anons...
I will report later.
OP Update...
Visited a local bank and withdrew my cash (actually needed to so I could pay some bills, and out of checks, so sort of ironic... but I took most of it out). Friend works there, VP. Talked with him. I played dumb. He explained that the bailout for SVB is for depositors, and they will be made whole (not just $250K), and the money to make them whole will come from all participating FDIC banks, regardless of their exposure... so probably some formula to determine how much to chip in. Not a taxpayer bailout... but what will a bank do when it needs to chip in? Will it then create a proportionate fee to pass down to its own depositors? Time will tell.