Q&A: Recent Bank Failures Do Not Mean It’s 2008 All Over Again
UVA Darden
MARCH 20, 2023
To repay customers for the deposits, SVB used up all its cash reserves and then had to start selling some of the long-dated assets on its balance sheet to cover the withdrawals. You can’t lose any savings as long as your savings or checking account doesn’t exceed $250,000. He also tweets on his Twitter account.
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