Corona Times News Headlines March 12, 2023

Headlines March 12, 2023

Bill Ackman @BillAckman

If Russia wanted to destroy or materially impair 65k of our most promising new technology and biotech companies, there is no better method than a cyber attack that blows up @SVB_Financial with the @FDICgov not guaranteeing deposits. The irony is that we did it to ourselves.

Bill Ackman @BillAckman

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or… https://t.co/SqdkFK7Fld

• Get your money out of these WOKE BANKS run by risk-oblivious IDIOTS! [audio podcast]

• U.S. says ‘all’ deposits at failed bank will be available Monday

• Silicon Valley Bank was run by WOKE IDIOTS who cared more about "trans awareness" and "Lesbian Visibility Day" than actually doing anything about reducing systemic risk to collapse

David Atherton @DaveAtherton20

Silicon Valley Bank has gone bust owing $1.8 billion. Without a Head of Risk Management for 9 months, the one appointed, Jay Ersapah seemed more interested in organising pride campaigns & 'Lesbian Visibility Day'. She identifies as a queer person of colour. Get woke, go broke.

Wall Street Silver @WallStreetSilv

Did FDIC insurance for depositors just become unlimited ??? 🤨