Bill Ackman has issued a warning to the US government, urging them to rectify a mistake made within 48 hours or face dire consequences. He believes that if the mistake is not corrected, it could lead to the destruction of the country.
#Bill #Ackman #warns #govt #Fix #mistake #hours #face #destruction
Privatize the gains and socialize the losses.
Headline two days from now:
“Bill Ackman Found Dead”
Let’s stop socializing losses by overextended greedy bankers. Live by the sword…
tldr; Hedge fund manager Bill Ackman has urged the US government to “guarantee” all deposits held by Silicon Valley Bank (SVB) within the next 48 hours, or it risks the “destruction” of many financial institutions. Ackman said a “giant sucking sound” will be heard from the “withdrawal of substantially all uninsured deposits” from all banks, if the government fails to guarantee SVB’s deposits.
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Literally nothing is going to happen lmao
Huge Ackmans brother!
The thing that should scare anybody with their life savings in a bank is the fact that this one event can trigger the collapse of the whole system.
It only goes to show, this whole financial system is nothing more than a house of cards and that it will not take much to bring it all down.
> Ackman said that the only other way to prevent this from happening, was in the “unlikely” event that major financial institutions such as J.P. Morgan, Citibank or Bank of America, acquire SVB before Monday.
I think this is actually the most likely outcome.
Ackman to the rescue of his wealthy buddies
Lol no one even fuckin gives a shit about this atm
this would be the result of “the world” realizing what an uninsured deposit is – “an unsecured illiquid claim on a failed bank.”
Perhaps crypto shines through this, whilst tech startups feel a bit of pain?
They had better not bail out these banks.
Nationwide bank runs if FDIC doesn’t deliver. I hope not but it makes sense.
The ignorance in this sub is disappointing. “Socialize the losses” being parroted by people with little money and less crypto. If the gov hadn’t skyrocketed interest rates, this wouldn’t have happened. A bank run could have happened at any bank. It just so happens that that pos Peter Thiel told his people to bank run SVB and SVB had stupidly bought US Treasuries. SVB was one of the larger banks supporting crypto and the last time I checked, this was a cryptocurrency sub
the same Ackman who lost a ton of money on Netflix?
I think they want to have banks fail to consolidate and become bigger and more centralized.
How about no?
He’s about to lose a ton of money!😳
Imminent collapse of USD maybe ? 😉
Bankers, governments, IMF, economists, Buffet, Muinger label Bitcoin and crypto risky, worthless. But we can see who is collapsing, instead.
oh nooo … who could’ve known this would happen again?
Popcorn 🍿 time. Nano is looking like good safe haven away from all this leveraged debt ponzi financial system. Decentralization is the most important thing!
There will be no destruction, chill.
let it burn , time for a new system …
Well, even that will be temporary. I think, the destruction is coming to the banking system.
This guys going to lose all his moola
Food for thought: if lots of companies withdraw their deposits from US banks, where are they going to put all that money?
You WILL be EXTERRRR-MINATED.
Kind of an aggressive way to beg for a bailout innit, just say please us govt will do it
But it’s Sunday, come one man…
100% gonna be a show , Completely agree, still going to have to take into consideration this week with CPI with the fed’s decision is going to be I can’t wait personally I think virtual currencies and digital assets like the ones we use are going to benefit from this in the long term
Global debt is multiple times greater than it was before the 2008 crash. The next one is overdue.
‘Ackman suggested that this would be the result of “the world” realizing what an uninsured deposit is — “an unsecured illiquid claim on a failed bank.”’
He owes someone powerful money, that’s for sure
What mistake? Isn’t this the free market speaking? The Supreme Court is about to block student loan bailouts for the rest of us