[bilekas]

> This is clearly the best ideal. But that's not how it works! And FDIC limits were real but ignored in this case!

The FDIC limit is basically useless at this level. 250k for SVB given their clientele really seems futile.

So I'm not sure even discussing it would serve much value. What I fund more interesting was the UK branch of SVB was actually higher in assets than liabilities and was making profit. It's just so strange to me still how this seems to have happened so quickly and seemingly, made worse by some people just getting worried.