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re: Silicon Valley Bank Collapse

Posted on 3/10/23 at 1:29 pm to
Posted by GhostOfFreedom
Member since Jan 2021
11836 posts
Posted on 3/10/23 at 1:29 pm to
Only 13% of the funds with them are FDIC insured. Looks like some people are going to lose a lot of money.
Posted by Bass Tiger
Member since Oct 2014
46353 posts
Posted on 3/10/23 at 1:56 pm to
quote:

Only 13% of the funds with them are FDIC insured. Looks like some people are going to lose a lot of money.




War Room's Steve Cortes said only 2.3% of the total deposits were FDIC insured.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51816 posts
Posted on 3/10/23 at 2:24 pm to
quote:

Only 13% of the funds with them are FDIC insured. Looks like some people are going to lose a lot of money.


It makes me wonder how many of these Silicon Valley folks have been living on the backs of venture capitalism. I guess we will soon see...
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