By Monday morning? With protections in place against fraud or double-dipping? It wouldn’t be as easy as you think.
(And for the nth time, SVB isn’t being propped up. The owners are losing their whole stake.)
(And for the nth time, SVB isn’t being propped up. The owners are losing their whole stake.)
But you are somehow convinced that this fund [1] created in 1 day by the Fed to solve "temporary liquidity issues" with vague promises of "loans against securities" and "assessment charged on the banks" will be entirely free of fraud or double-dipping?
Everything involving money has the potential for fraud and double-dipping, and the banking sector has a ton of it. We can figure it out and prosecute people afterwards (or not, it's not like senior management at SVB is going to be prosecuted).
> (And for the nth time, SVB isn’t being propped up. The owners are losing their whole stake.)
Oh sure, three Federal departments make a joint statement on the weekend and create a new liquidity fund every time a company goes bankrupt. Nothing to see here!
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[1] https://www.federalreserve.gov/newsevents/pressreleases/mone...