142 'The government has 48 hours': Billionaire investor Bill Ackman calls on Biden to bail out SVB by Monday MORNING or face catastrophic market meltdown and loss of tens of thousands of jobs (www.dailymail.co.uk) posted 1 year ago by 20-guage 1 year ago by 20-guage +142 / -0 Bill Ackman says Gov has 48 hours to fix SVB 'irreversible mistake' Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank. Ackman is urging the US government to take action to protect customers 51 comments share 51 comments share save hide report block hide replies
Let's assume a bailout doesn't happen for whatever reason. If further economic damage occurs, do you think this could be a situation where a bail-in happens? Keep an eye on your bank balances.