IPFS News Link • Central Banks/Banking
Expect Criminal Indictments of SVB Top Executives, Here's Why
• https://mishtalk.com, By MishInsider Sales and Bonuses
Sickening Bailout Proposal by Bill Ackman
Ackman Makes Me Sick
For starters, his end-of-the-word take is preposterous hype.
Second, he proposes yet another moral hazard, the last thing we need.
Third, large Silicon Valley depositors knew the risk.
Fourth, I expect most of the funds to be released Monday.
Hello Bill Ackman, SVB will not bring down the world.
TWELVE DAYS AGO SVB INSIDER:
— Danielle DiMartino Booth (@DiMartinoBooth) March 11, 2023
CEO SOLD 11% OF HIS HOLDINGS
CFO SOLD 32% OF HIS HOLDINGS
CMO SOLD 28% OF HER HOLDINGS https://t.co/TcEmImAKhn
The gov't has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or… https://t.co/SqdkFK7Fld
— Bill Ackman (@BillAckman) March 11, 2023
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