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by yunwal
1189 days ago
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How is this safer than the alternative? There's no world in which the FDIC lets a bank the size of SVB default on it's deposits, so there are basically 2 scenarios here: 1) You get bailed out no matter what your insurance rate 2) Defaults are at such a high rate that the FDIC doesn't have the money to bail everyone out, the economy tanks, and all businesses that rely on risky VC investment fail anyway It's like betting $100 on something that won't happen until you're dead. Sure, you might be correct, but there's no real benefit to it. |
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