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U.S. regulator planning another SVB auction
- WSJ

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Posted By: Dreadnought, 3/13/2023 6:16:58 PM

U.S. regulators are planning to try again to auction failed Silicon Valley Bank, after they were unable to find a buyer over the weekend, the Wall Street Journal reported on Monday, citing people familiar with the matter. Federal Deposit Insurance Corp (FDIC) officials told Senate Republicans that they had additional flexibility to sell the firm now that SVB's failure had been declared a threat to the financial system, the report said. That could help regulators offer potential buyers deal sweeteners such as loss-sharing agreements, the report added. U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened

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Reply 1 - Posted by: MickTurn 3/13/2023 8:44:24 PM (No. 1424307)
I've got Billions and Billions.............of Monopoly Money, I would think that would buy this scam bank!
1 person likes this.

Reply 2 - Posted by: smokincol 3/13/2023 9:53:50 PM (No. 1424343)
this is the demcommies first step in the federalization of the banking system leading to a national bank system, watch out, folks they're coming for our money, that is, whatever we have left after taxes and inflation
2 people like this.

Reply 3 - Posted by: thefield 3/13/2023 11:43:51 PM (No. 1424383)
10 cents is too much.
0 people like this.

Reply 4 - Posted by: Catherine 3/14/2023 12:19:46 AM (No. 1424397)
I will admit to not understanding this financial stuff. Stocks, banking, things like that never stuck in my brain. I do understand it's not a good thing and could mean terrible things for millions in this country. I will never understand the lust for power and money and I think that's what this is all about,
1 person likes this.

Reply 5 - Posted by: tootall 3/14/2023 8:10:12 AM (No. 1424551)
It's been reported that there were offers that were blocked by Politicians who would not let the original 'auction' process conclude. Elizabth Warren is one of those. We live in a dictatorship.
1 person likes this.

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