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A comment on SVB Depositors, Investors Tried to Pull $42B Thursday. Parent comment

Re:SVB Depositors, Investors Tried to Pull $42B Thursday by jbverschoor on Saturday March 11, 2023 @08:23AM (#35108083)
Yup. you just have a claim on that institution. It not like holding stock or bonds
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Re:SVB Depositors, Investors Tried to Pull $42B Thursday by ProllyInfamous on Saturday March 11, 2023 @11:19AM (#35109655)
Further, the FDIC (a US insurance agency with sweeping banking powers) guarantees that you will be able to redeem AT MOST AND UP TO $250,000, per account; guaranteed by the "legitimacy" of the USDollar (aka Taxpayers and US Debt holders).
[ Parent | on HN ]