Headlines that say “Don’t Panic” are pumping a lost cause in my opinion.
More than 93% of the bank’s $161 billion in deposits are not insured.
I’m sure customers are learning some hard truths right now and the minute withdrawals are allowed the real bank run will happen.
Just speculation but it’s human nature to cut and run in that situation. It’s how all the melt downs played out.
SVB is not the only bank that is underwater on bonds. As fear spreads more deposits will be pulled and more banks will fold. The fed is looking at a meltdown
Emergency Meeting Monday. Don’t panic. 😂
God forbid they work on a weekend
I bet the do have/had/are having emergency meetings this weekend but want to buy some time by saying they meet Monday.
Meeting was scheduled not emergency but don’t panic in any case
They’re ahead of the contagion, this should stem the bleeding Monday. So we build up even more bad debt in the system and kick the can a few more years
So you’re saying get your shit outta fiat and into bitcoin, but don’t sleep on panic button mfr stock?
FDIC - up to 250,000 insured
Self Custody - 100% yours
The choice is clear.
Will be bailed out: Blackrock & Vangard are the biggest holders.
