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grahamk1 t1_jc43uwe wrote

Reply to comment by PP7fromgoldeneye in [OC] Bank Failures by US State since 2000 by pm_me_jupiter_photos

No it was not cash it was shares in the bank itself so I got nothing. My grandfather had made his money in the textiles industry. My company was HR software. I have since sold it though and retired.

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PP7fromgoldeneye t1_jc52e7h wrote

Oh I understand now, still unfortunate situation. It's an eye opener on how situations like this happen, just like the recent news with SVB bank, many shareholders are likely to take a hit. In addition there could be other banks that crumble which makes me wonder how who is going to pay for the mistakes made for billions of dollars.

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