Replies to post #245835 on Biotech Values

[iwfal]

Expect a lot of startups to vanish.

Another comment was they were perhaps too focused on one industry, particularly an industry well known for sending instant messages and e-mail to one another at lightning speed, hence highly amplifying the chances of a bank run the moment there was any doubt about their liquidity.

I’d be very very surprised if FDIC didn’t make liquid by Monday, and further, to cover at least 90%. They need to avoid contagion risk of fear of small banks. Some loss to large depositors, some inconvenience. Enough to make bank users diversify. But it’ll be mostly over by early in week.