drgath
Joined 16 years ago
Joined 16 years ago
https://www.fdic.gov/news/press-releases/2023/pr23016.html
> As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits. At the time of closing, the amount of deposits in excess of the insurance limits was undetermined. The amount of uninsured deposits will be determined once the FDIC obtains additional information from the bank and customers.
From the FDIC’s site:
> As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits.
For simplicities sake, let’s just assume 100% of the assets are actually there, but it’ll just take varying years for everything to mature. So, what’s next? FDIC finds a buyer for the assets, perhaps a private bank or a a pseudo-government body who has the ability to wait till maturity, and in the meantime, everyone gets all their deposits. That’s not a “bailout”, and is following the rules.
I took the original comment to imply that when employees are overworked, it is due to a failure in planning to assure a project is adaquately staffed from the beginning. That is when you should hire, not because you just began to notice you failed to plan appropriately.
Sure, if someone is being overworked, hire to spread the load (if new person can ramp-up fast enough). But don’t put your employees in that position to begin with, because some of them won’t return to full productivity, even after you resolve the problem. Overwork for any duration comes at a cost.