My son got his first newspaper subscription last weekend from his high school library to read articles about these events with SVB, I’ll show him your article too! His class last year studied the Depression era bank runs and then here we have real life happening... as you mentioned, human behavior in the driver’s seat. Helpful...
Here is a really good writeup on some of the underlying issues behind SVB's financials: https://michaelwgreen.substack.com/p/the-valley-of-despair
If you missed it, the FDIC stepped in earlier this evening: https://www.fdic.gov/news/press-releases/2023/pr23017.html. It's a good stopgap I think, but the underlying root issues still exist.
My son got his first newspaper subscription last weekend from his high school library to read articles about these events with SVB, I’ll show him your article too! His class last year studied the Depression era bank runs and then here we have real life happening... as you mentioned, human behavior in the driver’s seat. Helpful...
Spot on Alex. Thanks for this extremely timely insight.