Re:FDIC Takes over Silicon Valley Bank
by skybrian on Friday March 10, 2023 @03:27PM
(#35100452)
Yes, bank deposits are a liability for the bank, which is why a bank won’t increase the amount you have in your account if you ask nicely. You have to pay them. If someone’s bank account went up by $1 million, the bank better have gotten $1 million more in assets from them somehow, or something weird is going on.
(Often, the asset comes from the bank making a loan. You can pay later.)
(Often, the asset comes from the bank making a loan. You can pay later.)