You have an elegant solution to the Silicon Valley Bank crisis
A Brinks armored car stands in front of the closed Silicon Valley Bank (SVB) headquarters March 10, 2023 in Santa Clara, California.
Justin Sullivan | Getty Images
“CNBC Special: America’s Banking Crisis” will air Sunday at 7 p.m. ET, where Jim and other experts will discuss the impact of the Silicon Valley bank’s demise on the economy and stock market.
Fears of contagion from banks with profiles similar to Silicon Valley Bank have brought several government agencies together to find a buyer for the ailing institution, which on Friday became the second-largest bank failure in U.S. history. At the very least, the Federal Deposit Insurance Corporation, the Federal Reserve, the Treasury Department, and President Joe Biden are looking for some sort of safety net that extends deposit insurance to all individuals and businesses with funds at Silicon Valley Bank.
https://www.cnbc.com/2023/03/12/cramer-to-fed-you-have-an-elegant-fix-for-the-silicon-valley-bank-crisis.html You have an elegant solution to the Silicon Valley Bank crisis