It's no wonder Signature bank went belly up - Go woke, go broke.

[multivita-man]

Well for one thing, they appear to be a bunch of leftist douchebags.

That could well be the case for all I know, but that's not the significance of that metric.

Do you think these are regular savings and loan bank customers? Remember, deposits under $250K are backed by FDIC.

Time and analysis will sort out the facts, but if it's anything like SBV - and there appears to be strong correlation - these are account holders who have deposits well north of $250K and are thus uninsured. And why would they do that? Possibly because they're stupid, or possibly because there was a quid pro quo. In the case of SVB, it was ultra-low interest loans in exchange for parking their $ in their bank. Time will tell but sorry, these account holders are very unlikely to be unionizing Starbucks baristas with horn-rimmed glasses and pink hair. More likely that they're fin/tech hustlers and Tesla bros.