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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 vkou on Sunday March 12, 2023 @07:36PM (#35128198)
VCs started a bank run because the bank they were using was insolvent.

That's not their fault. Would you keep your money in an insolvent bank?

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by WanderPanda on Sunday March 12, 2023 @08:02PM (#35128525)
I think they were solvent im the beginning of the week. But idk if it was just because they didn‘t have to mark their underwater investments to market
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by opportune on Sunday March 12, 2023 @09:26PM (#35129419)
That’s a peculiar definition of “solvent”
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by loeg on Sunday March 12, 2023 @11:15PM (#35130534)
It's the one banks and regulators use, though!
[ Parent | on HN ]