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by dragonwriter
1191 days ago
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> On second thought - SVB is apparently the safest place on the planet to park enormous amounts of cash. Why would you not deposit everything here? The Government will just save you if SVB screws it up again… right? I mean, SVB (and every other bank except those three) wouldn’t exist today if people treated the three banks the government decided to invoke the systemic risk exception for [0] in the last financial crisis that way, so, I’m going to guess the market will also not treat SVB that way. [0] Two of which didn’t end up needing the exception to actually be used because the mere announcement of the decision facilitated other resolutions. |
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