[fwlr]

Yeah, I can’t blame them at all for joining an ongoing bank run.

I can kinda blame them for starting one because they did it so aggressively, but only a bit, because that’s just how internet banking works these days.

I can definitely blame them for demanding the taxpayers make them whole by 9am next business day.

[jzb]

Who’s demanding? Pleading might be more appropriate for many businesses.

[fwlr]

Hey, good news btw. Great, actually. FDIC just announced all depositors to be made whole on Monday morning - and at no cost to the taxpayers either! The lag between the immediate payout to depositors and the eventual recovery of value from SVB’s remains seems like it will be covered by the Deposit Insurance Fund, i.e. the cost will be spread out to all banks.