Call me crazy but I thought the idea is that banks would use deposits to fund loans and kick some of the profit back to the account holder in the form of reasonable interest rates. That seems capital efficient to me, but it's apparently a quaint relic of the past now that eternal 0% interest rates are the norm. I'm reminded of the scene from It's a Wonderful Life where George Bailey explains to all his account holders why they can't all withdraw their money at once, because it's being put to productive use by their fellow townspeople: [this video]
Scene explaining why deposits can't all be withdrawn at once.
Where are the people offering to buy SVB claims for 60-70 cents on the dollar? This happened with FTX and traditional bank runs like in [It's a Wonderful Life]( [this video] ). Maybe people are waiting to see how large the FDIC advances will be.
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