I bet, as we sit here, several banks have flown in to California their M&A SWAT teams. The FDIC has prolly assembled DealBooks for their review, and may offer a first-loss backstop to sweeten the deal. Further, these banks' Boards are on standby, ready to approve Term Sheets.
By next week, I bet SVB will have a new owner, their c-suite will be unemployed, depositors and most other creditors will be made whole, and we will return our focus to Bidet being an idiot.
Nobody does finance as well as America.
Many times I’ve wondered if that is good thing or not
Huh, what happened ??
There are a few problems with your scenario—where to start.
I guess the first place is that most of the “in crowd” venture capital folks bailed before the bank was closed.
It was only the “stupid money” that got caught holding the bag.