, all of which involve reassuring Silicon Valley Bank depositors that all of their money is secure and available.The top option is that a large financial institution steps up to buy Silicon Valley Bank, or at least its commercial banking unit.
Goldman Sachs and Morgan Stanley are among the names being bandied about. So is JPMorgan Chase, although it may feel too burned by blowback after purchasing Bear Stearns at the government's request in 2008.is that the FDIC or Federal Reserve offers to backstop SVB deposits, or at least the vast majority of them, in order to secure a buyer.
This could result in a run on an untold number of banks, including SVB rivals, regional banks and community banks. Basically any bank without a fortress balance sheet.
One Bank ppl. One Bank that bought too many Bonds at the wrong time. Couldn’t get anyone the back them at the start of the run day or two before so ….. Boom!💥
The media (like this article) are creating a hysteria of bank runs out of thin air
Fuck that. No socialism for the wealthiest class
Chinese donors to the dems must be getting affected someway somehow and ordered Biden to order the Fed and Yellen to do this.
I guess word came down that me must protect the billionaire VC class with taxpayer money.
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Source: WSJ - 🏆 98. / 63 Read more »