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Reply to "I don’t know how banks work "
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[quote=Anonymous]So is there a giant red FED button in the bank that you push when you realize you can’t cover your withdrawals? like the DSC button for on the boat when you call the coast guard and you realize your boat is sinking and all is lost? But seriously how and when are the feds notified?, does svb reach out to them or are investors calling them or are they just checking Twitter feeds? Anyone know the procedure? I’d there a regulation person inside the bank saying sorry guys I gotta call the fin cops in on this now? [/quote]
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