It wasn't erased, it's in peoples pockets in the form of cash, a la "bank run." | Hacker News

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		friend_and_foe on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... It wasn't erased, it's in peoples pockets in the form of cash, a la "bank run."

azernik on March 14, 2023 [–]

Only the small percentage that was available in the bank's reserves; the money of all the people who didn't get their money out in time was indeed erased.

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