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It's not a bailout. Silicon Valley Bank will cease operating, the shareholders get zero, anyone who loaned them money likely gets zero, the executives have been
by avalys 4y ago
It's not a bailout. Silicon Valley Bank will cease operating, the shareholders get zero, anyone who loaned them money likely gets zero, the executives have been fired, the employees will all be laid off within two months.
The point of this action is to ensure that Silicon Valley Bank's customers, however, will not be harmed by doing business with a regulated major bank.