Have you been affected by the SVB crisis?

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Since everyone got their money back literally the next business day, pretty sure the only people actually affected are the investors and bondholders.

M1, no lol. Straight from the FDIC on Monday, emphasis mine: https://www.fdic.gov/news/press-releases/2023/pr23019.html

"The Federal Deposit Insurance Corporation (FDIC) today transferred all deposits—*both insured and uninsured*—and substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated ‘bridge bank’ in an action designed to protect *all* depositors of Silicon Valley Bank.

*Depositors will have full access to their money beginning this morning*, when Silicon Valley Bridge Bank, N.A., the bridge bank, opens and resumes normal banking hours and activities, including online banking.

...

The transfer of all the deposits was completed under the systemic risk exception approved yesterday. *All depositors of the institution will be made whole. *"

The FDIC chose to bail out uninsured depositors. They didn't have to, legally, but they did. The net result was all depositors had all their money right there in their online banking account on Monday morning.

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