And yet somehow almost every other bank didn't fail due to interest rate hikes. ... | Hacker News

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psychlops on March 13, 2023 | parent | context | favorite | on: Joint statement by the Department of the Treasury,...

And yet somehow almost every other bank didn't fail due to interest rate hikes. They seem to be prepared enough for the social media climate.

TimJRobinson on March 14, 2023 [–]

*so far.

Other banks don't have a tight nit group of customers so bank runs don't spread as quick.

Most, maybe all, banks don't have enough funds to cover a full on bank run because almost all treasuries bought over a year ago are worth less than their original value.

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