The bank was nearly fully capitalized with low risk investments. Everyone would have gotten their money back anyways, it would have just taken 5-10 years.
Imagine what would happen if startups could not access their capital? By the time funds were available for withdrawal, the businesses would be dead. The regulators then have to track every funder to every dollar to return money. It would take a decade for this to happen.
Imagine what would happen if startups could not access their capital? By the time funds were available for withdrawal, the businesses would be dead. The regulators then have to track every funder to every dollar to return money. It would take a decade for this to happen.