@37712 credit unions don't offer corporate accounts, only personal accounts. It's the corporate accounts that take too much risk and bring the banks down.
@Tfmonkey I thought this was an issue with "safe" investments such as gov bonds becoming dog shit and not so much with corporate accounts.
@37712 Silicon Valley Bank was heavily invested in tech startups, venture capital, and crypto.
The safe investments in bonds lost too much value and their balance sheet was negative, then the run happened.
@Tfmonkey ok ok, but what made the run happen? why did all of these corporations started pulling their money out all at the same time?
