Reply to List of 10 Banks that raised similar red margin flags to those of SVB

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yawn[/quote]

Whistle past the graveyard if you must...[/quote]

My accounts at one of the banks on this list are well below the $250,000 FDIC insurance limit, so I'm really not at all worried about what would happen even in the somewhat unlikely event that it did fail. The same bank holds my mortgage, so who knows, maybe I'll get lucky and whoever buys their assets out of receivership will forget about me.[/quote]

This is not how it works.

How soon do you think your money would become available? If we are talking a run of nearly a dozen banks your money would be locked up for a long time. The government is more likely to “forget” about your bank account than the loans that get sold. Collecting is much more important to the stakeholders than paying out what is owed to the peasants. [/quote]

Obviously it's not how it works, I was kidding.

The FDIC insurance works just fine, though, it would not be a long time before I had access to my insured deposits. [/quote]

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