Things That Make Midwesterners Scratch Their Heads
dickdonovan.substack.com
Out here this writer doesn’t pretend to comprehend the world of Silicon Valley finance. Way too many zeros in front of the decimal point. But it seems it might occur to some of those smart folks that having more than 250-thousand dollars in a bank might cause them to look around and put some of that additional money in some other banks. That way they could sleep at night knowing they’d be under the limit of FDIC protection. My late mother once saw a bank run as a young woman during the Depression. The memory remained a vivid one for her.
Things That Make Midwesterners Scratch Their Heads
Things That Make Midwesterners Scratch Their…
Things That Make Midwesterners Scratch Their Heads
Out here this writer doesn’t pretend to comprehend the world of Silicon Valley finance. Way too many zeros in front of the decimal point. But it seems it might occur to some of those smart folks that having more than 250-thousand dollars in a bank might cause them to look around and put some of that additional money in some other banks. That way they could sleep at night knowing they’d be under the limit of FDIC protection. My late mother once saw a bank run as a young woman during the Depression. The memory remained a vivid one for her.