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July 7, 2024
it be? billionaire if investor bill ackman tweeted last night, sillen con valley bank customers will get around 50% monday/tuesday, and the balance realized over the next 3-6 months. if this proves true, id expect bank runs monday morning. no company will take even a tiny chance of losing a dollar of deposits as theres no reward for this risk. after the systemwide fdic system deposit guarantee, more bank runs begin monday a.m. a whole lot of officials including treasury secretary janet...
March 12, 2023
Bank, probably others -- to the brink. but theyve now got to rerelieve these depositors. its important for the government to step up and say were going to the take care of this and and make sure these people are whole in whatever fashion. theyve got to look at their, you know,ly quid i and what these companies are actually capable of. but the government has to come in just a restore quiet and calm, otherwise there is going on the a run -- >> yeah, absolutely right. so first republic -- >> what c...