Bank run

 It's all over the radio - "Silicon Valley Bank" had a bank run, with billions-with-a-B taken out, and Federal takeover. The name alone is enough to scare me away from that bank, but I remember the bank failures and bank runs in 2008, so I have to wonder if this is just the first. 

The pandemic has made everything worse. I thought the medical system would bounce back stronger but instead it seems to have taken a permanent step downward and reading the various subreddits like r/nursing is very depressing. 

At least Hawaii or the island of Oahu anyway, actually has very good access to medical care. It would make sense between all the veterans, all the retirees, and a strong strain of New Dealism as I'll call it. That's how I describe myself - a New Deal democrat. 

Needless to say it rained all yesterday and last night, generally heavily. Now at 7PM Friday night it's not raining, and I believe there will be breaks in the clouds over the weekend. I'll watch the radar map and should be able to find some gaps in the rain to take some things to FedEx. One customer is very antsy to get his thing so although it would normally go by US mail I think I'll send it FedEx also even if it costs a couple extra bucks. 

I practiced some more last night so at least I'm being consistent.  Once this rain stops, I need to get out there busking. I even got, a couple-three weeks ago now, some dark stain to hopefully make my plastic Shakuhachi Yuu look more like bamboo and will probably make a little sign explaining that the flute I am playing is a shakuhachi and a bit of simple explanation about the shakuhachi.

I don't care if all I make is my train fare, I need to get out there because in 2 years I'm going to be making my day-to-day money and, hopefully, developing as a person by playing the shakuhachi back home in Hawaii. I assume I'll only make about $10 a session, maybe $20. But that's enough to eat on, day to day. 

I'd slept in until 6PM today and honestly thought it might be Saturday and I'd slept the day away but I was relieved to look at my phone and see it's Friday. 

I just futzed around, staying in, and got 15 things ready to list but in the end did not list them but they're ready to go tomorrow. 

The bank run and take-over by the FDIC is apparently big news as it's not only on the radio but on YouTube and Reddit also. It's the biggest crash since the systemic crash of 08, and they're comparing it to the crash of Washington Mutual AKA WaMu. I actually banked with WaMu at that time, and I remember having something like $300 in fines for bounced checks as I was writing checks for my bills but the money was just not coming *in*. My solution was to stop writing checks. I let everyone hang, pretty much, and when I'd moved to a friend's in a very remote place in Arizona and they eventually tracked me down, like the my phone company, then I bought postal money orders and paid 'em. I'd also gone around and paid people like the state of California, and closed out and paid up the taxes on my business license before leaving The Golden State. The big bills, I just laughed at and put in the trash. Good times. 

So the feeling with this Silicon Valley Bank is it might cause a "contagion" with other banks having runs, and also that tons of tech companies were using that bank, and now there might be tons of tech workers not getting paid. Depositors are insured to $250k, but it's not hard to run through that making payroll. I just hope the bank Ken's day job is with, wasn't with that bank. Otherwise things might get interesting.