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A comment on FDIC Takes over Silicon Valley Bank. Parent comment

Re:FDIC Takes over Silicon Valley Bank by cowmoo728 on Friday March 10, 2023 @12:37PM (#35097920)
There is a very large difference between FTX and SVB. The people behind FTX will probably go to jail because they committed crimes and effectively stole money. SVB mismanaged interest rate risk and ended up on the wrong side of interest rate hikes. They had similar results of people quickly trying to pull all their money out, but it's not "exactly an FTX situation".
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Re:FDIC Takes over Silicon Valley Bank by blibble on Friday March 10, 2023 @12:44PM (#35098039)
no bank on earth can survive every depositor turning up at once and demanding their money

whereas an exchange shouldn't have a position at all

and a hedge fund normally doesn't allow withdrawals at all (without vast notice)

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Re:FDIC Takes over Silicon Valley Bank by freejazz on Friday March 10, 2023 @02:34PM (#35099652)
Well, people didn't show up to demand their money for no reason.
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