see alsoLike Lehman, it will be difficult, so complete collapse is very possible.
That leaves as possible buyers alternative asset managers like private equity, firms like Blackstone and Apollo.The FDIC took control of Silicon Valley Bank Friday.In other words, a Lehman-like collapse is almost inevitable for SVB, bankers I interview say. Silicon Valley’s portfolio business is pretty idiosyncratic. It serves mainly venture capital firms that began yanking money from accounts as tech losses mounted.
SVB’s holdings of Treasury securities exploded amid this bonanza of fiscal excess, but so did similar holdings at every major bank.
Domino just started in Regional Banks. ❤️ you Jerome, Janet and Joe for all the shorts and options opportunities.
I’ll bet the Goldbergs, Silversteins, Levys, Friedmans, Abrams, etc all got their money out.
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