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A comment on Urgent: Sign the petition now. Parent comment
> The FDIC will pay uninsured depositors an advance dividend within the next week.
This will likely be a substantial fraction of the uninsured deposits. Take a look at the FDIC website.
https://closedbanks.fdic.gov/dividends/
Pick a bank, say, "IRWIN UNION BANK & TRUST CO". The first dividend was almost 47% of the uninsured amount, and anoth 25% or so over a decade.
The failure of SVB as reported is not nearly as bad.
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> The FDIC will pay uninsured depositors an advance dividend within the next week.
This will likely be a substantial fraction of the uninsured deposits. Take a look at the FDIC website.
https://closedbanks.fdic.gov/dividends/
Pick a bank, say, "IRWIN UNION BANK & TRUST CO". The first dividend was almost 47% of the uninsured amount, and anoth 25% or so over a decade.
The failure of SVB as reported is not nearly as bad.