So many fools who don't pay attention to $250K FDIC coverage rule. It's not that difficult -- open separate accts. Now there's a run on $$$ after SVB meltdown, ignoring the actual factors that led to it.
Stock market Is driven by emotion more than anything else. And all those who benefit from shorting, like Peter Thiel who swayed everyone to do a run on SVB, are laughing their arses off.
Just keep your eyes focused on the pronouns of your co workers, and the DEI hang white man meeting dates. First Republic is for sure in huge trouble next week. Their customers are all rich bay area customers,holding a lot more than 250K in their accounts. Rich, tech savvy, just saw at SVB they call the cops on you if you want your 1k back. The CEO of SVB told everyone "don't panic" and the at the same time he and his executives were selling and paying out bonuses hours before hand with customers cash. I wouldn't doubt if come Monday FR is out of business and seized along with many other small banks.
Just keep your eyes focused on the pronouns of your co workers, and the DEI hang white man meeting dates. First Republic is for sure in huge trouble next week. Their customers are all rich bay area customers,holding a lot more than 250K in their accounts. Rich, tech savvy, just saw at SVB they call the cops on you if you want your 1k back. They're not going to the be the last one asking for their money back unless they're overseas on a tropical island.
A group of boats, at sea, in a storm, are not going to be reassured by the fact they're still alive if they just watched one of their peers sink. Panic is a normal emotion for humans.