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Dan Davies On What Brought Down Silicon Valley Bank
Odd Lots
What Are You on the Lookout for Going Forward?
The FDIC is still, as I understand it, looking to sell this thing as a going concern. It might be that they'll just keep on doing their due diligence, buy their time and bid for it in the auction. So people tend to be a little bit risk-averse. But yes, I'm surprised that none of the big players felt that they could buy this one. Although, that's still a possibility over the coming weeks. What you need is someone to do what Mario Draghi did, and come out, bang the table, and say this is a bailout. Taxpayers money is at risk. We have unlimited firepower. We will stop this thing in its tracks
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