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   clacke (clacke@libranet.de)'s status on Monday, 13-Mar-2023 08:54:34 JST clacke
   So if the FDIC has taken control and all deposits are covered, that means any shares in Silicon Valley Bank are now forfeit, right?
   
   Right?
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     LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 13-Mar-2023 09:33:35 JST LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to
     Once the bank is seized, existing shareholders are almost always wiped out and existing management are almost always replaced.
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     Andy K (ke7yxz@mastodon.social)'s status on Monday, 13-Mar-2023 09:58:52 JST Andy K

     in reply to

     @clacke Yes. So I am told by a reliable source.

     clacke likes this.
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     clacke (clacke@libranet.de)'s status on Monday, 13-Mar-2023 10:02:47 JST clacke

     in reply to

     • Andy K
     @ke7yxz @lnxw48a1 Masnick's excellent summary confirmed it too. Good. And any gap in funds will be handled by the insurance system.
     
     mastodon.social/@mmasnick/1100…
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     LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 13-Mar-2023 10:37:34 JST LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to
     See also https://nu.federati.net/notice/3422753