Yellen says no federal bailout for Silicon Valley Bank - Yellen said she expected regulators to consider “a wide range of available options,” including the acquisition of Silicon Valley Bank by another institution. So far, however, no buyer has stepped forward.

submitted by neolib from apnews.com

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[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The bank has some obvious criminal liability and our regulatory oversight failed hard here.