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

Re:FDIC Takes over Silicon Valley Bank by hn_throwaway_99 on Friday March 10, 2023 @05:10PM (#35101905)
I'm quite sure that businesses that got their cash out of SVB yesterday, and can thus make payroll today, are extremely glad they did so.

Not all bank runs are systemic in nature.

[ Parent | on HN ]
Re:FDIC Takes over Silicon Valley Bank by jen20 on Saturday March 11, 2023 @05:56AM (#35107216)
That wasn’t the point: they can be as happy as they like about making payroll today, but they’ll be screwed when their customers don’t make their invoices tomorrow.
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Re:FDIC Takes over Silicon Valley Bank by hn_throwaway_99 on Saturday March 11, 2023 @11:33AM (#35109857)
My point is that not all of their customers were also SVB clients. It's faulty logic to assume that everyone's screwed because one bank failed.
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