Anonymous ID: 5d8428 March 10, 2023, 7:22 p.m. No.18483340   🗄️.is 🔗kun   >>3374 >>3397 >>3444 >>3486

>>18483308

> >>18483239

>many of the account holders were startup tech companies who kept their money at svb because that was where they borrowed it

>if you are a private person with $500,000 it would be irresponsible to keep it in one bank account or one bank

>if you are a company with $10 million or $50 million cash you would soon lose track of it if you spread $250,000 accounts over 50 or 100 banks

>think how much rolling cash goes through every day in a company like ford or tesla

Yeah but still; how much would it cost me as a business owner to pay someone to keep track of the accounts, versus, how much risk?

Most don't see the risk. So weird.

Changed the colors. :)

Anonymous ID: 5d8428 March 10, 2023, 7:32 p.m. No.18483397   🗄️.is 🔗kun   >>3401 >>3434

>>18483340

>>18483374

>>Yeah but still; how much would it cost me as a business owner to pay someone to keep track of the accounts, versus, how much risk?

>weird that they wouldn't think of that, huh?

No kidding.

Vernacular: "It's as safe as money in the bank!"

Long ago anon "did the math on banking" and saw it's a fraud ripe for an accident.

This seems the weekend.

Anonymous ID: 5d8428 March 10, 2023, 7:43 p.m. No.18483434   🗄️.is 🔗kun   >>3463 >>3490 >>3507

>>18483183

>>18483235

>>18483239

>>18482978

>>18483023

>>18483068

>>18482978

>How can I increase the amount of FDIC insurance beyond $250,000?

In a memeing mood. :)

>>18483397

>No kidding.

>Vernacular: "It's as safe as money in the bank!"

>Long ago anon "did the math on banking" and saw it's a fraud ripe for an accident.

>This seems the weekend.

>>18483401

>kek

>https://www.scmp.com/news/world/united-states-canada/article/3213165/silicon-valley-bank-collapses-biggest-us-bank-failure-2008-crisis

Anonymous ID: 5d8428 March 10, 2023, 7:56 p.m. No.18483486   🗄️.is 🔗kun   >>3497 >>3543

>>18483444

>>18483340

>>18483374

>companies cannot do business with a $250,000 cap on their accounts

>for instance a new john deere x9 1100 combine costs a million dollars- without a header

kek, nice hidden reference they used in their name

>so if you want to buy 2 you are just going to tell the implement dealer

>"no problem- i will get 8 or 10 checks for $250,000 each in the mail to you"

>then what will the dealer do? deposit the 10 $250,000 checks in seperate accounts?

Anon remembers learning musical chairs as a child; must have been a warning!

Companies can do business by adjusting their limits, that has always been the case with anything a business needs to deal with.

Risk assessment just wasn't taught in the MBA schools properly, apparently.

Timber!

 

https://www.youtube.com/watch?v=7dW73a5DEcQ

(kek, URL ends with a Q!)

Anonymous ID: 5d8428 March 10, 2023, 8:03 p.m. No.18483507   🗄️.is 🔗kun   >>3520

>>18483490

>>18483434

>But more than 85% of the bank’s deposits were uninsured, according to estimates in a recent regulatory filing. That’s because FDIC deposit insurance is meant for everyday bank customers and maxes out at $250,000. <<Many Silicon Valley startups had millions, or even hundreds of millions of dollars deposited at the bank>>—money they used to run their companies and pay employees. Right now, nobody’s sure how much of that cash is left.

>https://www.jewishpress.com/news/israel/silicon-valley-bank-tanked-dragging-down-500-israeli-startups/2023/03/10/

Agreed!

Expedience (shortcuts) sometimes works out, until the event…

500 Israeli companies. That's a lot, isn't it?

Hmm, about 9,300 currently active tech companies.

So, that's more than 5% of them.

https://www.businesswire.com/news/home/20220301005686/en/Israel-Tech-Company-Database-2022-Detailed-Profiles-of-20200-High-Tech-Companies—ResearchAndMarkets.com

Anonymous ID: 5d8428 March 10, 2023, 8:45 p.m. No.18483649   🗄️.is 🔗kun

>>18483625

>>18483634

>>18483622

> if you like YMCA…

>MRNA by the Pillage People

Similar satire song; this one to tune of Kingston Trio's "MTA" about Charlie who never returned (what a pity).

https://odysee.com/@foundring:1/mrna-(speed-of-science)-original-song:3