Monday, March 13

Daily News Stuff 13 March 2023
Oops They Did It Again Edition
Oops They Did It Again Edition
Top Story
- Crypto-friendly Signature Bank, with $88 billion in deposits, has gone splut and been taken over by the feds, the third bank failure in a week. (The Verge)
But there's no risk of contagion and if anyone tries to tell you otherwise they are Nazis.
- Depositors with both Signature and Silicon Valley Banks will be made whole. (CNN)
Both banks have sufficient assets that this is not expected to cost anything; the FDIC is acting as a receiver. But the $250,000 limit on insured deposits is effectively dead at this point. What the fallout of that will be is more complicated.
Tech News
- The Apex Storage X21 is a PCIe 4.0 x16 card that supports up to 21 M.2 SSDs. (Tom's Hardware)
That gives you up to 168TB of storage in a single slot, or 84TB with much cheaper 4TB SSDs.
Pricing has not been announced but it won't be cheap.
Disclaimer: Splut, it's what's for breakfast!
Posted by: Pixy Misa at
05:53 PM
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