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Reply to "SVB Bank Run: Fed Calling Emergency Meeting "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]15 banks collapsed under Trump and no one batted an eye. This is the first one under Biden, and it was totally orchestrated by Peter Thiel, who is basically an enemy of the US. [/quote] Few care if small community banks go under as spillovers are very limited. The combined assets of the banks you speak of were less than $20 billion. SBV has over $200 billion in assets.[/quote] I think I saw that 97% of their depositors had over $250,000 which is why those accounts were not FDIC insured. So I'm supposed to feel bad for people who are much much much wealthier than the average American? Nah.[/quote] The majority of those were businesses and the money there was to meet payroll, which they cannot do now. [/quote]
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