[slt2021]

if it was your money at SVB on the line - with two or three commas - you would think differently.

Or to put it differently - if you were the person to manage money with couple commas, you would have done the same.

It is classic prisoner's dilemma. The more there are participants - the less likelihood that everyone will act in a coordinated manner for common benefit. Two persons maybe can call each other and agree, but hundreds/thousands? unlikely

[bcrosby95]

A prisoner's dilemma where prisoners are allowed to talk to each other isn't much of a prisoner's dilemma.

[slt2021]

it is still prisoner's dilemma, because the fact that you talk is not binding. Anyone can agree on the phone and pull money immediately after call "just to be safe"

talking - means you can lock out everyone in one room and let them collude. This is not the case here, because the list of depositors at SVB is not public and it takes only a few people to start chain reaction of withdrawals

[mzs]

>Or to put it differently - if you were the person to manage money with couple commas, you would have done the same.

No I would have immediately had a private candid conversation with someone at the FDIC who would understand.

[ignoramous]

All good, but there's no denying that SV is a meme machine.