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A comment on The Collapse of SVB Exposes the Largest Crack in the Economy. Parent comment

Re:The Collapse of SVB Exposes the Largest Crack in the Economy by nradov on Friday March 10, 2023 @09:28PM (#35104486)
The system is sufficient transparent. SVB was a publicly traded company. Customers who cared about risk could just read the reports. In the end any bank can fail.

https://ir.svb.com/financials/sec-filings/default.aspx

The depositors will get their money back, with perhaps a small delay. Which is more than you can say for scams like cryptocurrency.

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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by monodeldiablo on Saturday March 11, 2023 @02:57AM (#35106396)
Depositors will get their insured money back. Is there a commitment from the FDIC to make all depositors whole? If so, that's not typical.
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by morelisp on Saturday March 11, 2023 @04:37AM (#35106863)
The FDIC insurance won’t make the rest whole, the bankruptcy process will. The assets are not fundamentally toxic and someone will buy them, with a haircut.

Play stupid games, win 70 cents on your dollar.

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