They already took it down. It was not bailed out.
If the gov’t pays off all of the uninsured portion, it is a bailout of the depositors.
A coincidence:
“On March 12, 2009, hedge-fund investment manager Bernie Madoff pled guilty to various crimes related to his operation of a Ponzi scheme that was one of the largest in the world; he was sentenced to 150 years in prison.”
Definitely not decided yet. SVB’s failure has global implications. I’m positive that globalists are collaborating to save their own asses as I write this.
"Yellen rules out federal bailout for Silicon Valley Bank"
FR: Never Accept the Premise of Your Opponent’s Argument
Even if the states had given the feds the specific power to regulate and bail out banks, it remains that the decision to do so should not be in the hands of a non-popularly elected bureaucrat imo.
Non-popularly elected bureaucrats, in both state and federal governments, who make such decisions have been instrumental in fostering the emergence of career lawmakers, wrongly weakening the constitutionally enumerated voting power of ordinary qualified citizens as a consequence imo.
This the same woman who just flew to Ukraine and told them we’re giving them whatever money it takes?
Higher than 25%?
To my eye, it does not look like Silicon Valley Bank did anything seriously wrong.
I mean, if more than 25% of your depositors show up on the same day and demand their money, EVERY bank is a candidate for insolvency!
In retrospect, SVB did make a mistake buying long term bond reserves at historically low interest rates.
When rates began to rise because of inflation, the cash re-sale price of their bond reserves dropped around 10%, and perhaps even more than 10% on bonds they did not try to sell for cash.
Regardless, so far, I cannot see any specific problem that caused SVB to fail - except depositor panic!
“We’re calling it a ‘Bail-In’. See, I promised no bail-out!”
Is she trying to help Meghan and Harry? We have read that Harry’s money from Waaaugh was being deposited at SVB. Anyone dumb enough to deposit their money in a bank that doesn’t employ real actuaries does not deserve to be bailed out.
"It's too big to fail, we must act." "The problem is much greater than we previously determined."
We will hear government speak ad nauseam from the govt. stooges and the MSM.
It is my understanding about 90+% of this banks deposits exceed FDIC $250,000 insurance - if correct, the question should be asked: who exactly would it be Brandon is bailing out with Chinese backed US debt in this Liberal bank in the heart of west coast liberalism?
Bull. The millionaires will always get bailed out. Happens. Every. Time.