As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits: FDIC Of these $151.5BN are uninsured

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In case someone was wondering what "Fractional Reserve Banking" is all about...

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$151 BILLION uninsured. Gone πŸ‘€

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bigger fraud than the scam bankman

Liquidated πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ’―πŸ”₯ Multikill rekt

That’s what popped up in my mind. Who remembers these? πŸ˜‚

IndyMac Bank bank run (whispers in the wind)

🫣

Good think I got out of FTX and deposited all my funds into Silicon Valley Bank - a reputable/trusted bank 😎

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*Good Thing