News for hackers. Stuff that matters.

A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by FormerBandmate on Sunday March 12, 2023 @06:56PM (#35127592)
At the same time, why would the bank runs continue? AFAIK, this was sparked by Silvergate’s slow motion collapse climaxing on Wednesday, and the infinite FDIC threshold makes more bank runs pointless and self defeating
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by astrange on Sunday March 12, 2023 @07:17PM (#35127945)
It was sparked by Founders Fund telling everyone to get money out of SVB, which didn't have any crypto exposure. They're invested in another startup bank (Mercury) so I think prosecuting a few VCs would encourage the others.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by MaxGabriel on Sunday March 12, 2023 @11:35PM (#35130669)
Founders Fund hasn’t invested in Mercury

List of investors here:

https://mercury.com/about

[ Parent | on HN ]