@metal-brain saidActually you are correct . This will fly right in the face of you anti-corp guys. They will have a field day grabbing the new market share, and growing big time.
It is a consolidation scheme. Let the smaller banks fail so the big banks can get bigger.
https://rumble.com/v2d0ggm-the-collapse-of-silicon-valley-bank-is-meant-to-control-big-tech-and-usher-.html
The only savior I can see is No1 'Mighty Mouse' Marauder, who can save the day with his safety net. Do y'all member those threads??
Safety Net!!! Of course, why doesn't DC think that?
I was sure tempted to pick up some of the regional bank shares that are doubling today, but that is just today. Gloomy days ahead, the sidelines are OK for now.
@AverageJoe1
https://www.zerohedge.com/markets/yes-latest-bank-bailout-really-bailout-and-you-are-paying-it
@Metal-Brain
There are plenty of potential SVB suitors right now, mostly banks, but also, Elon Musk is interested in it, too.
@Earl-of-Trumps
There were plenty of willing buyers of SVB that would have ended the problem, but the powers that be would not allow that to happen. This should be a scandal. FDIC would not have to cover the losses and raise the cost of insuring deposits. Powerful people even had a list of who was allowed to buy SVB and who was not. They literally blacklisted buyers.
Capitalism is not supposed to blacklist buyers. Why do people call this a free market economy? China made the same point when people wanted to pass laws banning China from buying US land.
https://rumble.com/v2d67ny-house-votes-to-declassify-covid-intel-bank-seizures-were-an-attack-on-crypt.html