FDIC Takes over Silicon Valley Bank

Re:FDIC Takes over Silicon Valley Bank by banku_brougham on Friday March 10, 2023 @12:23PM (#35097645)

great callback. revenge on Jimmy Cayne for when genius failed.

Dont forget it was Lehman that failed first, Bear got special treatment amongst the Citi, AIG, et al bailouts.

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Re:FDIC Takes over Silicon Valley Bank by alex_young on Friday March 10, 2023 @01:28PM (#35098726)

Bear was sold at a %90 discount (so not a complete loss) 1 week before Lehman failed.

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Re:FDIC Takes over Silicon Valley Bank by Scoundreller on Friday March 10, 2023 @07:55PM (#35103732)

I was surprised when it was supposed to sell for $2 but then they raised it to $10 for some reason even though it was a zombie bank.

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Re:FDIC Takes over Silicon Valley Bank by jen20 on Saturday March 11, 2023 @06:06AM (#35107273)

This is simply not true.

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