it be? billionaire if investor bill ackman tweeted last night, sillen con valley bank customers will get around 50% monday/tuesday, and the balance realized over the next 3-6 months. if this proves true, i d expect bank runs monday morning. no company will take even a tiny chance of losing a dollar of deposits as there s no reward for this risk. after the systemwide fdic system deposit guarantee, more bank runs begin monday a.m. a whole lot of officials including treasury secretary janet yellen are trying to calm fear today. she points out it s highly unlikely, take a listen. the american banking system is really safe and well capitalized. it s resilient. we want to make sure that the troubles that that exist at one bank don t create contagion to others that are sound. svb s one of the top 20 commercial banks in the country with over $200 billion in assets. current customers include shopify, etsy, fitbit, roku and ziprecruiter. here s house speaker ken mccarthy on sunday
bank, probably others to the brink. but they ve now got to rerelieve these depositors. it s important for the government to step up and say we re going to the take care of this and and make sure these people are whole in whatever fashion. they ve got to look at their, you know,ly quid i and what these companies are actually capable of. but the government has to come in just a restore quiet and calm, otherwise there is going on the a run yeah, absolutely right. so first republic what could go wrongsome. these small banks where the deposits are not f the dic insured. so those non-siv banks. that that s ooh big to fail. so bank of america, chase, they would get a bailout. these smaller banks, they re not fdic insured, and it would be bad news for the entire sector if the federal government came in and tried to rescue everybody right now. too small to survive may be the new yeah. well, and it s like, you know what? we re hearing a lot about the