Jean-Francois Mezei@rogermcnamee The reason FDIC became willing to cover all deposits is that SVB had sufficient assets to back those deposits. The problem is that SVB could not convert those assets into cash overnight. When you can buy treasury bills at 2% today, you're not going to buy SVBs treasury bills yielding 1%, but those bill are sill solid. No bank can survive a bank run, especially when started by someone like Thiel.
GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.
All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.