Andrew W. Pearson
1 min readJun 5, 2023

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How so? The FDIC refunded everyone who had money in SVB up to the $250K limit. Complete refunds. Even those who had over $250K got refunded, I believe. Even if they didn't, they can't really complain as that's the limit. I've had personal experience of FDIC coming in and making good on deposits. I, literally, got a check in the mail before I knew my bank, a savings and loan company, had gone belly up. What crypto bank would do that? None because crypto is a scam filled with money launderers and con artists pushing virtual gold to financial fools. The hilarious thing about SVB was libertarians like Peter Thiel, those who push alternate financial vehicles like crypto, desperately wanted the government to make his SVB company funds whole like that whole government shouldn't be involved with banks or financial institutions (except when it's your money on the line, right?) Comical hypocrisy, which will go over the head of money crypto pushers.

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Andrew W. Pearson
Andrew W. Pearson

Written by Andrew W. Pearson

Andrew Pearson is the MD of Intelligencia, an AI company based in Asia. Speaker, author, columnist, Pearson writes about IT issues like AI, CI, and analytics.

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