LogFAQs > #972144121

lol, yea but this was big news today....1 bank failed, leading to another bank failing and we didn't know a bailout was coming until sunday. But now they we know more details, theres nothing to be worried about.

I thought "second largest bank failure in US history" makes it sound bad but you could also say like "20th largest bank currently in the US has failed".

And its reasons for failing simply come down to dumb decisions. Nothing SVB did was corrupt or shady, just simply stupid decisions. Same with Signature bank although SVB failure probably did play a role.

Either way, its probably not going to lead to a string of bank runs since they are getting bailed out. And the bailouts are not going to use taxpayor money. So its not a major loss in the overall financial system.

If the bailouts didn't happen, then there would be risk of a string of bank runs leading to multiple bank failures and that could be the straw that breaks this economies bank.