My dude. You just got done saying these are VC accounts. We're talking 9 or 10 digits. The FDIC insurance is not relevant in any way.

Still not offering an alternative for what they should have done. You dance around and imply it, but you don't have the balls to actually come out and directly say, "yes, you should keep your cash at a bank that is having to raise funds for liquidity." Because you shouldn't. That's dumb as hell, especially if you might need access to your money soon.

Everybody saying this, but nobody offering a realistic alternative for what you should do when you learn your company's bank might not let you write payroll checks.

Bro they blamed the bank failures on the people asking for their money lmao

Shouldn't or can't?

Right, and the new bank will just deposit it back at the fed, not loan it out or buy treasuries, right? ...right?

The whole thing just adds a layer of obfuscation.

>It's not going into the economy.

Then I suppose the people withdrawing their money are just stuffing it in their mattresses?

You guys got it way worse than us (California) this year. Spooky stuff. I was kinda thinking about moving up there (sorry) to run from the fires, but maybe I should just keep on truckin all the way to Juneau or something...