“The government has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowingSVB Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is ...
Tag: asoontobeirreversible
SVB implosion ‘a-soon-to-be-irreversible mistake’ unless government intervenes
The consequences could be “vast and profound” if Silicon Valley Bank is not bailed out, according to billionaire investor Bill Ackman. Ackman warned of an “irreversible mistake” if a...