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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]SVB is not just a west coast problem. I’ve worked with 10 tech companies in the DC region and all use SVB. This is going to be detrimental to so many that don’t get a paycheck next week. [/quote] It will clear out unsustainable businesses. Thin the herd. [/quote] I mean, FDIC took over the bank. Funds shouldn’t be inaccessible unless accounts were above FDIC limits, which is the account holder’s fault.[/quote] Do most multi-million businesses spread their accounts across dozens to hundreds of banks to stay below FDIC limits?[/quote] There are deposit custody services that will do this for you. They'll even seek out highest yielding banks and shift around. [/quote]
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