shortwavesurfer@monero.town to Personal Finance@lemmy.mlEnglish · 4 months agoUSA: The financial meltdown is beginning.www.nbcnews.comexternal-linkmessage-square2fedilinkarrow-up12arrow-down10file-text
arrow-up12arrow-down1external-linkUSA: The financial meltdown is beginning.www.nbcnews.comshortwavesurfer@monero.town to Personal Finance@lemmy.mlEnglish · 4 months agomessage-square2fedilinkfile-text
minus-squareslazer2au@lemmy.worldlinkfedilinkEnglisharrow-up1·4 months agoo.O so it’s not a bank that has failed, rather a banking middleman who provides Banking as a Service (BaaS) Look, if silicon valley bank collapse didn’t trigger a meltdown then this wont either.
minus-squareshortwavesurfer@monero.townOPlinkfedilinkEnglisharrow-up0arrow-down1·4 months agoSilicon Valley Bank was bailed out entirely by the FDIC. And so there were no liquidity issues. 2.9% of real people have been able to not access their money this time. That did not occur last time.
o.O so it’s not a bank that has failed, rather a banking middleman who provides Banking as a Service (BaaS)
Look, if silicon valley bank collapse didn’t trigger a meltdown then this wont either.
Silicon Valley Bank was bailed out entirely by the FDIC. And so there were no liquidity issues. 2.9% of real people have been able to not access their money this time. That did not occur last time.