Urgent: The FDIC Has Taken Control of All Deposits at a Large Bank
by Daisy Luther, The Organic Prepper:
Earlier this week, I wrote an article about the possibility of the FDIC doing a bail-in with your money. The article discussed how actions would be taken on a Friday and how depositors could be right out of luck. Several readers called it “fear porn” but as it turns out, it wasn’t.
This morning, it’s been announced that the FDIC has taken control of the deposits in Silicon Valley Bank. As of today, Friday, customers are not able to access their accounts.
This is incredibly concerning. SVB is (or was) a major banking entity for venture-based companies.
Source: https://www.sgtreport.com/2023/03/urgent-the-fdic-has-taken-control-of-all-deposits-at-a-large-bank/
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