[U: Never mind.] It Is Likely That Silvergate Capital Will Become Known By Some Other Merged Bank Name…

03.08.2023 5 pm update: never mind. The concern will fold and liquidate. End update.

The fact that it is even in talks at FDIC, probably means that at some point in the next few Friday evenings, we will read that it has been seized, and will re-open under a new name, as a merger with some other bank.

That is what distinguishes the trad fi world from the crypto- one.

Unlike FTX, there is a good chance that depositors will eventually recoup their deposits, 100 cents on the dollar.

So… to belabor the obvious, this is why trad fi has existed uninterrupted… for centuries.

Now you know.