Posted on 03/12/2023 10:18:34 AM PDT by marcusmaximus
Federal regulators are conducting an auction for Silicon Valley Bank, with final bids due Sunday, according to a report from Bloomberg News.
The bank was closed by regulators on Friday after massive withdrawals a day earlier created a bank run. The Federal Deposit Insurance Corporation took control of the bank on Friday, and started an auction process on Saturday night, according to the report.
It is still possible that no deal is reached, the report said.
(Excerpt) Read more at cnbc.com ...
Let’s buy it Freepers, I bid a dollar! Maybe we can get for say $10 and impose our conservative requirements on customers.... or they don’t get their money back 🤣🤣🤣🤣🤣
Oh the heck with it I’ll bid 10 bucks
Dont forget Harry and Meghan, I hear now they have something really to cry about
Looking Good, Louis!
The bids alhave to be over how much government support will come with the bank. Right now, any equity estimate has to be deeply negative. I’d love to be a fly on the wall for this auction.
Maybe the Bank of England can toss in a quid and a farthing to keep Harry and Meghan from begging on the street for pennies and ha’pennies.
Jim Cramer Tells People To Buy Silicon Valley Bank’s Stock Just Before It Collapsed! Of Course!
Kind of a short period of time for such a monstrous decision. Calling on “auction fever!”
Okay...
If anyone on this forum has a mortgage through these people, now is the time to double check the demand feature written into your mortgage documents
It’s little club and we ain’t in it.
Turn this problem over to Neil Bush! He saved the Savings & Loans back in the 1980’s.
Oh, wait...
Sam Bankman-Fried will buy it with fellow corrupt leftist money. May as well keep the sewage in the same pond.
yep!
How much do Hunter and Nancy have in this bank?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.