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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 rvnx on Saturday March 11, 2023 @08:39AM (#35108169)
Reserve money and insurance are very silly until you need them.
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Re:SVB Depositors, Investors Tried to Pull $42B Thursday by eru on Saturday March 11, 2023 @10:11PM (#35116082)
Rubber duckies are very silly, until you need them. (Afterwards, too.)

Just to be clear: the problem is that SVB didn't have enough loss absorbing equity. If they had more, they wouldn't be insolvent.

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