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A comment on Bank Run at Silicon Valley Bank. Parent comment

Re:Bank Run at Silicon Valley Bank by wbl on Thursday March 09, 2023 @08:24PM (#35089297)
No FDIC insured account has ever lost a penny, despite bank failures happening.
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Re:Bank Run at Silicon Valley Bank by Narkov on Thursday March 09, 2023 @09:04PM (#35089555)
I don't disagree with you. Bank runs can still happen even with the (successful) FDIC backstop.
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Re:Bank Run at Silicon Valley Bank by zamnos on Friday March 10, 2023 @04:43AM (#35092431)
Hm? Plenty of them did back in 2008. They were only insured uptm to $100k back then, it's up to $250k now but anyone who has more than that in the bank, which plenty of companies do, is sitting on a pile of risk. So then you withdraw your money from SVB down to $250k and then everyone else doing that - you have your bank run.
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