BTCNews on Nostr: “From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the ...
“From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide @FDICgov deposit guarantee, more bank runs begin Monday am.”
- @BillAckman on Twitter
https://twitter.com/billackman/status/1634662286844411904Published at
2023-03-11 23:13:27Event JSON
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"content": "“From a source I trust: @SVB_Financial depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months. If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks. No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide @FDICgov deposit guarantee, more bank runs begin Monday am.”\n\n- @BillAckman on Twitter\n\nhttps://twitter.com/billackman/status/1634662286844411904",
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