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3232Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits
https://www.digit.info/billionaire-warns-of-imminent-bank-runs-if-government-fails-to-guarantee-all-svb-deposits/
Sun, 12 Mar 2023 03:30:23 +0000https://www.digit.info/2023/03/12/billionaire-warns-of-imminent-bank-runs-if-government-fails-to-guarantee-all-svb-deposits/Read more]]>Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs […]
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs […]