Posted on 03/10/2023 5:22:45 PM PST by PK1991
Billionaire investor Bill Ackman says the US government should consider a "highly dilutive" bailout of Silicon Valley Bank amid jitters about its financial position. The bank's failure "could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash," Ackman said in a series of tweets on Thursday. "If private capital can't provide a solution, a highly dilutive gov't preferred bailout should be considered," he said.
(Excerpt) Read more at msn.com ...
How bout you do it , Bill. Put up some of your own dough.
Naaaah, enjoy the collapse just like we do
So, we not only have to bail out the deadbeat retards with worthless diplomas, now we have to bailout the Silicon Valley bank.
$151.5 Billion in uninsured deposits - 85% of all deposits not insured by FDIC. Why???
No bail-out - no? no? no?
I thought the FDIC exists to help depositors and banks. VC investments are gambling, in a sense, so risk is involved. Let them fail or succeed, just like regular folks in a capitalist society. Our tax dollars should not be squandered (any more than is happening already).
No
George Carlin said it best: “It’s a big club, and you ain’t in it.”
Businesses that ignore fundamentals should be allowed to fail.
Only the first $250,000 is FDIC insured.
If you have $10,000,000 in the bank (which is idiocy), only $250,000 of it is guaranteed.
it’s not like this is a Ukraine bank.
let them fall... the bastages.
Accounts are insured up to $250K. If you are a business, you are likely to have tens of millions in your account.
That’s why.
The FED will probably do it on the sly. Like they did with Credit Suisse. Print more money will they raise interest rates so inflation never goes away. “The Federal Reserve lends to banks and other depository institutions—so-called discount window lending—to address temporary problems they may have in obtaining funding. Those problems can range from garden-variety issues, such as funding pressures associated with unexpected changes in a bank’s loans and deposits, to extraordinary events, such as those that occurred after the September 11, 2001, terrorist attacks or during the financial crisis in 2008 and 2009.”
If you have 500 employees, and you have to issue payroll checks, you are likely to need a lot of money in your account.
I thought the FDIC exists to help depositors and banks. VC investments are gambling, in a sense, so risk is involved. Let them fail or succeed, just like regular folks in a capitalist society.
Our tax dollars should not be squandered (any more than is happening already).
Who didn’t see this coming?
If you didn’t, raise your hand so we can mock you endlessly on your gullibility.
Of course the gubmint will bail them out. There is no way the dems are going to let their silicon valley buddies/partners/donors lose $$.
Capitalism without failure is like Religion without sin.
Do not bail out the bank. Do not pass Go. Do not collect $200.
Uuuuh no.
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