That wasn’t the point: they can be as happy as they like about making payroll to... | Hacker News

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		jen20 on March 11, 2023 \| parent \| context \| favorite \| on: FDIC Takes over Silicon Valley Bank That wasn’t the point: they can be as happy as they like about making payroll today, but they’ll be screwed when their customers don’t make their invoices tomorrow.

hn_throwaway_99 on March 11, 2023 [–]

My point is that not all of their customers were also SVB clients. It's faulty logic to assume that everyone's screwed because one bank failed.

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