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2 sats \ 2 replies \ @sandbeach123 10 Mar 2023 \ on: Lehman vs The currently tumbling banks bitcoin
If those banks are bailed, it would be a total defeat for the USD. The difference now is that bitcoin exists. They would have to be crazy to rescue any bank in the future.
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2 sats \ 1 reply \ @tomlaies OP 10 Mar 2023
It looks like at least for SIVB all customer deposits up to 0,25m will get saved but the bank itself not: https://www.fdic.gov/news/press-releases/2023/pr23013.html
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2 sats \ 0 replies \ @Jonathan_Adly 10 Mar 2023
93% of its deposits are not insured though. Definitely some people getting rekt. Mostly VCs and tech bros, but it will bite- because all those idiots are probably running their personal expenses on debt.
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