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hn_throwaway_99
on March 10, 2023
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FDIC Takes over Silicon Valley Bank
I'm quite sure that businesses that got their cash out of SVB yesterday, and can thus make payroll today, are extremely glad they did so.
Not all bank runs are systemic in nature.
jen20
on March 11, 2023
[–]
That wasn’t the point: they can be as happy as they like about making payroll today, but they’ll be screwed when their customers don’t make their invoices tomorrow.
hn_throwaway_99
on March 11, 2023
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My point is that not all of their customers were also SVB clients. It's faulty logic to assume that everyone's screwed because one bank failed.
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Not all bank runs are systemic in nature.