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

Tech Insider : Economy
Bill Ackman
Bill Ackman says the US government's intervention in the collapse of Silicon Valley Bank and Signature Bank instills trust that authorities will be protecting depositors.

Mike Blake/ Reuters

Why Silicon Valley Bank failed

Tech Insider : Business
SVB
Police officers outside SVB's headquarters in Santa Clara, California on Friday.

Getty Images

Silicon Valley is on a knife-edge after the collapse of SVB

Tech Insider

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition. With the failure of Silicon Valley Bank, we're witnessing the biggest bank collapse since the 2008 financial crisis. We're diving into that and much more today.

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Some Silicon Valley Bank customers are selling their deposits at big discounts to raise cash quickly, reports say

Tech Insider
A worker (C) tells people that the Silicon Valley Bank (SVB) headquarters is closed on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the US Federal Deposit Insurance Corporation.
Regulators shut down Silicon Valley Bank on Friday.

Justin Sullivan/Getty Images

The CDC’s response to COVID was a disaster. Can Silicon Valley get it right?

Tech Insider : Politics
An illustration of a surgical mask, folded and containing stacks of money.
The government's response to COVID generally sucked — and it convinced venture capitalists that pandemic response is ripe for disruption.

Robyn Phelps/Insider

Can Silicon Valley stop the next COVID?

Billionaire investor Bill Ackman says feds 'screwed up' handling of Silicon Valley Bank collapse, warns they have '48 hours to fix a soon-to-be-irreversible mistake'

Tech Insider : Economy
Bill Ackman.
Bill Ackman, who criticized the federal government's handling of Silicon Valley Bank's collapse this week.

Sylvain Gaboury/Getty Images

Mark Cuban called on the Federal Reserve to step in and buy Silicon Valley Bank's debt 'to end the run'

Tech Insider
mark cuban
Mark Cuban called for Fed action on SVB.

John Lamparski/Getty Images

'PayPal Mafia' member says Google and Meta intentionally overhired engineers to prevent them from working at other companies.

Tech Insider

Beware of Bevi machines, buds. I'm Diamond Naga Siu, and I'm an avid water drinker. But I don't like bubbly drinks (they hurt my mouth) or flavored water (just drink juice).

The tech meltdown comes for Gen Z

Tech Insider : Economy
A new college graduate isolated on a floating plate thats cracking over a tech vortex
The class of 2023 can't find work in Silicon Valley — and that could cost Big Tech in the long run.

Tyler Le/Insider

A bank exec set to be sentenced for securities fraud faked a letter from his ex-fiancee calling him 'greatest man I will ever know' to get a lighter sentence

Tech Insider
Lawyer

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