Potter's offering 20 cents on the dollar to Silicon Valley Bank’s debt.....
- Thread starter Mr. Potter
- Start date
George Bailey has got this!
Uncle Billy had a mishap in Silicon Valley?
Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicking and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.
You sit around here and you spin your little webs and you think the whole world revolves around you and your money. Well, it doesn't, Mr. Potter. In the whole vast configuration of things, I'd say you were nothing but a scurvy little spider.
"And that goes for you! And that goes for you, too!"
On Thursday morning, the bank had a market cap of more than $15 billion and by Friday, its $209 billion in assets and $175 billion in deposits made it the second-largest bank failure in U.S. history, according to the FDIC.3 days ago
At 20 cents on the dollar, you would need $41.8 Billion to buy all the assets. Didn't realize you were that flush. Can't you spare a Billion for a new football stadium?
Silicon Valley Bank UK purchased for £1 by HSBC with plan to protect deposits
Silicon Valley Bank UK will be acquired by HSBC in a deal that will protect deposits, the United Kingdom's chancellor said on Monday.
abcnews.go.com
HSBC is purchasing the bank for one pound. Seems like you got underbid by over $40 billion.
On Thursday morning, the bank had a market cap of more than $15 billion and by Friday, its $209 billion in assets and $175 billion in deposits made it the second-largest bank failure in U.S. history, according to the FDIC.3 days ago
At 20 cents on the dollar, you would need $41.8 Billion to buy all the assets. Didn't realize you were that flush. Can't you spare a Billion for a new football stadium?
Silicon Valley Bank UK purchased for £1 by HSBC with plan to protect deposits
Silicon Valley Bank UK will be acquired by HSBC in a deal that will protect deposits, the United Kingdom's chancellor said on Monday.
HSBC is purchasing the bank for one pound. Seems like you got underbid by over $40 billion.
How stupid is Silicon Valley Bank for not accepting Potter’s offer? They really are the George Bailey of banks.
He's making an offer for the debt, not the assets, though I'm not quite sure he knows the difference.On Thursday morning, the bank had a market cap of more than $15 billion and by Friday, its $209 billion in assets and $175 billion in deposits made it the second-largest bank failure in U.S. history, according to the FDIC.3 days ago
At 20 cents on the dollar, you would need $41.8 Billion to buy all the assets. Didn't realize you were that flush. Can't you spare a Billion for a new football stadium?
Silicon Valley Bank UK purchased for £1 by HSBC with plan to protect deposits
Silicon Valley Bank UK will be acquired by HSBC in a deal that will protect deposits, the United Kingdom's chancellor said on Monday.
HSBC is purchasing the bank for one pound. Seems like you got underbid by over $40 billion.
Don't jump the gun too soon, there's more opportunities arising.
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