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Money and Finances
Reply to "I don’t know how banks work "
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[quote=Anonymous]Also, do not blame the failure of SVB bank on depositors demands for their funds--otherwise known as a "run on the bank". If, as a business or individual, one can safely invest their money at an interest rate of less than one (1%) percent or at at an interest rate of five (5%) percent without any additional investment risk whatsoever, any rational investor will move their money from the 1% account to the 5% account. Banks know this. Banks also know that interest rates change. So, if there was a "run on the bank" at SVB, it was caused by the incredible stupidity of the officers and directors of SVB bank. Blame the failure of SVB on the incredibly lazy, stupid investment practices of SVB's officers and directors.[/quote]
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