Posted on 03/10/2023 8:04:55 AM PST by marcusmaximus
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 businessinsider.com ...
Bailout by Monday?
The Republicans had better not be bailing out the financial supporters of the Democrat Party!!!
yet another crony-capitalist who can FOAD
And here it is.
Taxpayer bailout requested for too big to fail bank to prevent contagion. How does this possibly end well?
Parallels to 2008 banking financial crisis that upended the Presidential elections that year?
Hell no.
This wi end up being tied to the crypto currency frauds.
I hope Bill Ackman has his entire fortune deposited in this bank and it fails.
Only FDIC insured deposits can be recovered.
All the rest fall.
Why not? Taxpayer money has already been used to bail out Union Pensions. Why not keep printing money and bail out Ukraine, student loans, everyones mortgage and credit card bills? Just as well bail out Russia, Haiti, Mexico, and all the South American countries too?A they have to do is buy more paper to print bills.
BTW> they should go to larger bills to save paper..
Oh hell no
They did with the TARP etc on Wall Street
They might do it again
It’s not a gov bailout
It’s a slave/serf/citizentaxpayer bail out .
2008 de ja moo.
Aka
Bohica.
Tip of iceberg as libs expect flyover taxpayers to bail out CALIFORNIA corruption.
So this is not a conventional bank in the sense that it’s insured by the FDIC. If it fails, it fails some other entity will take its place. Of course all the big investment funds are pulling their money out of this so-called bank. That means it’s kind of a self fulfilling prophecy. I won’t be surprised if the Fed and the FDIC step in and bail this thing out
He’s famous for shorting Herbalife. Would he have wanted the gov’t to step in to help them too?
More bad news to ponder: many of my colleagues and I who worked for the FDIC during the last bank crisis, will not be available for the next one, when it occurs. Sure, I would make more at the FDIC, but I like where I’m at. Please excuse my tongue in cheek post. Hard to believe it’s been nearly ten years since I left the FDIC.
Less than a month ago Forbes was writing glowing reviews of SVB and highlighting all sorts of DEI crap. SVB just made its rankings as one of the best banks...fast forward a few weeks later...This just goes to show you how weak the façade is on our whole financial system right now.
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