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0 pointsboppo13y ago0 comments

97% of depositors exceeded the FDIC limit.

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That stinks, and I feel for them. Let's hope people will learn a lesson from this - never keep all your eggs in one basket.

What about this other lesson: bankers need to be punished harder.

Or perhaps the other lesson is VCs shouldn’t create a run on the bank they holds their funds and the companies they invest in funds

We don't punish bankers in this country.

Aren't we talking about hundreds of millions/billions of dollars? At that scale, not a lot of baskets available.

Could a tech company have split their accounts into separate $250k accounts? I'm not sure if the bank would offer that.

Then they should have understood the risk they were taking.

And chosen a better bank.

Besides common strategy in my country: have more money than 250k spread it around at multiple banks.

There are services that do that automatically.

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