I too have insight. There is already a run on other banks as we speak. The #fed should take #SVB treasuries in exchange for cash NOW. The fed can sit on the treasuries and make money while making everyone whole.

Traders from #Jefferies are contacting startup founders with money stuck at #SVB offering to buy their deposit claims at a discount. They is offering at least 70 cents on the dollar for deposit claim. They know the #fed will come in last minute… I hope.

Startups interest in selling their deposits could intensify if there’s no sign that the #FDIC will quickly find a buyer for #SVB’s assets. So dumb when the #fed can just take the treasuries back for cash. Waiting for the white knight is dumb. The fed can act on its own.

I would consider this a crime. #svb. Throw the guy in jail. bloomberg.com/news/articles/….

Seems so dumb that the CEO, CFO and Treasurer of #svb could not balance assets and liabilities.

The fed can act unilaterally on this matter by buying back UST and warehousing it. Problem is #fdic does not have statutory authority to act.

Here is a real #svb story…

news.yahoo.com/yellen-express… Yellen just caused contagion. The Federal Government should not touch #svb. FDIC or Treasury has no authority to bail out. Let the Federal Reserve do what is within its charter and powers. Buy back the UST and MBS and warehouse them.

FDIC is on site with #FirstRepublic. Bank run is in full swing. #FederalReserve should buy back UST and MBS to warehouse. FDIC has no authority to rescue #svb. The Federal Reserve can do so and within its authority to do so.

Our family office and seed/angel fund is signatory to this statement supporting #svb docs.google.com/document/d/13h…

Doh!!! About time. Thank you Joint Statement by Treasury, Federal Reserve, and FDIC federalreserve.gov/newsevents/pre… via @FederalReserve

Joint Statement by Treasury, Federal Reserve, and FDIC federalreserve.gov/newsevents/pre… via @FederalReserve

The #CreditSuisse rescue shows the resiliency of the global system wherein sovereigns will step in to assure the stability of the global banking system

We finally completed our acquisition of Netspend. businesswire.com/news/home/2023…

As early as 2019, I have been exploring AI... the time has come to go big. tubitv.com/movies/661134/…

Wrote an article on my blog on the homogenization of AI…. yobie.com/blog

Too many cyber hacks are the result of unsecure open source legacy code. yobie.com/post/trust-in-… #sbom

@"Here Come The SBOM Charlatans"linkedin.com/pulse/here-com… on LinkedIn

Another cyberattack on the big boys… Russia is busy linkedin.com/pulse/its-funn…

I am with Israel.