Favorites March 12th 2023
www.tugboattoday.com
JOINT STATEMENT BY TREASURY, FED, AND FDIC:
ALL SILICON VALLEY BANK DEPOSITORS WILL BE PROTECTED—FULL ACCESS TO MONEY ON MONDAY
SIGNATURE BANK TO BE CLOSED—ALL SIGNATURE DEPOSITORS TO BE MADE WHOLE
ADDITIONAL FUNDING WILL BE MADE AVAILABLE TO ELIGIBLE BANKS
Well, that's all dealt with, here's a thread with more details about the US response.
Jeff Stein @JStein_WaPo
There's a reason everyone pretty much assumed that all depositors would be made whole.
It’s somewhat ironic that the only way to watch Pirates of Silicon Valley is to… pirate it. There’s literally no one I can pay to watch that movie legally.
“It's better to be a pirate than join the navy.”
The plane with holes image is such a great illustration of the phenominon.
Geography trivia: Turkey borders seven different countries all of which use different alphabets. Source: buff.ly/3KY6rlm
At first I was going to complain that it's only 6, but then I realized that Azerbaijan is not contiguous and that it's smaller part borders Turkey.
