This is very nice and everything, except for the case where you actually need to pay salary to your workers and run your business, but you suddenly found that your funds disappeared.
I’ve seen statements that FDIC, the Fed, and Treasury are using some of the tools created after 2008 to step up and bail out depositors, but not SVB itself.
But you can tell how serious this is from the way the GOP has just STFU while stuff is still going down. They don’t want to screw things up until it’s under control. You’ll know disaster has been averted when MTG and the rest of the MAGA crowd start screaming about how it’s all wrong. The absence of partisan political mudslinging is evidence of how imminent the threat still is.
For startups and people, yes. The bank is gone gone though. We’ll see what happens with other companies and banks when the market opens in a couple hours though.
Ow, that would indeed be nice. I could use new shirts (i almost typoed: shorts. can also use those XD) But in general just hope FW can stay and be awesome. would 2 hdmi work? I got 1 already