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[quote=Anonymous]This is a huge deal.[b] [/quote] +1[/b] I don't know what all the implications are, but it's definitely a big deal.[/quote] In short the bank will open Monday and account holders will have access to their balances up $250K that the FDIC insured. Monies over that 250K in limbo while regulators wrap up the banks business and sell assets. Eventually those customers will receive part of their account balances but when and hoe much are up in the air. The major implication in all this is there us going to be a number of business, particularly the tech startups they catered to, that are going to have just $250K on Monday morning to try to stay afloat on. [/quote]
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