[ConservativeMind]

Bill is a malicious man.

The banks only pay deposit insurance for $250,000 per account. Everyone knows this.

If bank owners can't handle their banks, they are taken over and the assets are sold and given to depositors, to the best the assets and FDIC can provide.

Bank owners need the haircut.

If depositors need money with implicit guarantees, they can have their excess monies in very short term investments, like four week T-bills.

[marcusmaximus]

Ackman is begging for deposit guarantees for accounts over $250k and he’ll get them by the end of today.

[Alberta's Child]

If depositors need money with implicit guarantees, they can have their excess monies in very short term investments, like four week T-bills.

You’re looking at this like the average SVB customer is a wealthy guy in the tech sector who has millions of dollars in a savings account.

That’s not how this works. The typical depositor is more likely a business that keeps several million dollars in its account to deposit its customer payments and pay its bills. A business can’t pay its employees in four-week T-bills.