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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 lmm on Sunday March 12, 2023 @07:18PM (#35127968)
Depositors shouldn't have piled all their assets into one bank because it was paying slightly more interest. Not saying every depositor did that here, but many did.
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Re:Joint Statement by the Department of the Treasury, Federa... by astrange on Sunday March 12, 2023 @07:23PM (#35128026)
Nobody used SVB because it paid more interest. They did it because the name was cool or because other banks wouldn't give you an account for your startup at all.
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