Hacker News Reader

Investors = the people who have ownership of the bank (think stockholers)

Depositors = people who have deposits sitting in the bank.

Though of another way: If you bought SVB on Robinhood then that stock isn't worth anything anymore. If you have money _in_ SVB then it will be available.

View on HN

If you bought SVB on Robinhood then that stock isn't worth anything anymore.

Would it be worth anything after SVB is bought by a larger bank, or does the takeover process zero out shareholders?

SVB stock is worthless. Doesn't matter if another bank buys the assets & liabilities.

Investors pulling out are the reason the stock is down 40%, silly goose.

But your initial quote is not new information, it's always true. If a company goes out of business then the investors aren't "made whole" by the government, this is a risk of owning stock.

Biden isn't providing new information, he's simply scoring political points because it would look terrible if the government was backstopping investors.

He's not just scoring points, he's letting people know that this won't be like 2008 when the government did save investors by bailing them out.

Reply on news.ycombinator.com