Recently the banks like $SVB Financial Group(SIVB)$ and $Signature Bank(SBNY)$ have failed. The US government has announced that they will cover even uninsured deposits without tax payers being burdened.

It is a good thing that all depositors will get their money back and the contagion will not spread

However this also sets a dangerous precedent and does not root out mismanagement, instead sending a wrong signal. The FDIC should only insure deposits upto USD 250,000 however now they are insuring all deposits.

The signal being sent out is that someone will cover you if banks fail, without limits. At one stage this may become untenable.

# SVB Storm Attacks Bank Stocks

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  • hh488
    ·2023-03-19
    Traditional banks are out; cryptos are in!
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  • GREEDisGOOD
    ·2023-03-19
    thanks for sharing
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  • Benggggg
    ·2023-03-19
    Gd
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  • Alancheah
    ·2023-03-19
    Ok
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  • YLim
    ·2023-03-19
    k
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  • NewPower
    ·2023-03-19
    👍
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  • Fahmi R
    ·2023-03-19
    Nice
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  • Unclebin
    ·2023-03-19
    [Strong]
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  • sengfuh
    ·2023-03-19
    Ok
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  • Hou Boon
    ·2023-03-19
    ok
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  • jksway
    ·2023-03-19
    thanks
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  • Jia92
    ·2023-03-19
    Hi
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  • Richest Princess
    ·2023-03-19
    [smile]
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  • EndoGoh
    ·2023-03-19
    ok
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  • TCL
    ·2023-03-19
    ok
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  • Yang Sheng
    ·2023-03-19
    hi
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  • ahxing
    ·2023-03-19
    😀
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  • BakSoong
    ·2023-03-19
    ok
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  • Flowin
    ·2023-03-19
    👍
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  • Benggggg
    ·2023-03-19
    K
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