[hailwren]

You’re aware that ~$150B of $200B SVB deposits are not covered by FDIC insurance, correct? I don’t think SVB is going to end up 0, but pointing at 25% of investments being safe and saying “look regulation works so well” seems absurd.

[lukeschlather]

All the people involved are institutional investors. 0% of people who have USD savings under $250k are affected by this. On the other hand, anybody who has a significant portion of their net worth tied up in cryptocurrency is affected by this.

[101011]

Minor correction, people employed by companies that banked with SVB are also heavily affected here.

[FabHK]

Indeed, if your company is in the banking business without understanding the banking business, you might have a surprise coming up. As in most other industries.

[radlad]

... and all the people and companies those companies banking with SVB have to pay?