Elon Musk is ‘open to the idea’ of buying Silicon Valley Bank

I don’t think that’s realistically on the table: as I understand it, if FDIC can’t facilitate a takeover by an existing, operating, licensed bank (which Musk is not, and it takes some time to set one up) – their preferred option in bank failures, which they’ve usually managed to do even with the biggest – they are going to sell the assets to cover the costs of the insured depositors and if there is a surplus, provide what compensation that allows to the uninsured depositors. They aren’t going to sell the bank as a bank to a billionaire who happens to have an urge to own a financial services business since he got driven out of the last one he was CEO of.

If Musk as a not-bank wanted to buy SVB as a going concern, he should have done so when it was, in fact, a going concern

Yeah...

And who, exactly, would keep large sums of money deposited in a bank run by "rabid bull in the Twitter China Shop" Elan? He figures that he doesn't owe his landlord the agreed-and-signed office rent. Why would he let his depositors withdraw their money, ever?

Well someone's dream could come true with an opportunity landing for their ambition [0] and an interested buyer.

Problem is folks, his name is Elon R. Musk.

[0] https://www.forbes.com/sites/dereksaul/2023/03/07/musks-new-...

I blocked Elon Musk on Twitter today because his Tweet appeared uninvited (for no reason I could discern) on my feed saying the QAnon shaman is innocent - this after this person has already pled guilty, apologized and is serving a prison term, which is more evidence I have not to take anything Musk says seriously.

How would this even work? Just by paying the market cap of SVB which is currently 6.2B?

He's trolling. There is nothing to buy. Why are we covering this?