Pilgrim, please explain to me how the Biden administration can suddenly increase the upper limit on FTIC-insured bank accounts from $250,000 to $400 million?
Do contracts have any meaning?
Afterward: Does it surprise you that, included under this ukase, are many Chinese tech company bank accounts with the SVB?
Afterward: Was the SVB really a bank, a hedge fund or a venture capital firm? It makes a big difference!
STAND UP FOR CONTRACTS!
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