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To: Alberta's Child

There was a big run on First Republic because most of the deposits were not federally insured.


11 posted on 05/02/2023 10:02:21 AM PDT by TexasGator
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To: TexasGator

Also same status at Silicon Valley Bank


21 posted on 05/02/2023 10:22:31 AM PDT by ridesthemiles
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To: TexasGator

That’s true. That also applies to most business bank accounts. That’s why bigger banks are so attractive to large customers. Ford Motor Co. doesn’t maintain 1,800 different bank accounts to meet its payroll while protecting itself under the FDIC’s $250,000 deposit insurance limit.


26 posted on 05/02/2023 10:29:10 AM PDT by Alberta's Child ("I've just pissed in my pants and nobody can do anything about it." -- Major Fambrough)
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