Billionaire investor Bill Ackman says SVB was not a bailout: 'The people who screwed up will bear the consequences'

• US regulators are guaranteeing depositors' funds after the Silicon Valley Bank and Signature Bank collapsed.
• But this isn't "a bailout in any form," said billionaire investor Bill Ackman.
• The US government is protecting depositors and not the management or shareholders, he said.

Billionaire investor Bill Ackman said the US government's move to guarantee deposits in the aftermath of Silicon Valley Bank and Signature Bank's failure is not a "not a bailout in any form"