{"id":1875077,"date":"2023-03-12T14:14:03","date_gmt":"2023-03-12T18:14:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-collapse-mark-warner-argues-best-outcome-will-be-an-acquisition\/"},"modified":"2023-03-12T14:14:20","modified_gmt":"2023-03-12T18:14:20","slug":"silicon-valley-bank-collapse-mark-warner-argues-best-outcome-will-be-an-acquisition","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-collapse-mark-warner-argues-best-outcome-will-be-an-acquisition\/","title":{"rendered":"Silicon Valley Bank collapse: Mark Warner argues &#8216;best outcome will be an acquisition&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsilicon-valley-bank-collapse-mark-warner-argues-best-outcome-will-be-an-acquisition%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875077&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78399405\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Six takeaways from Biden's big-spending budget proposal\">               <meta itemprop=\"description\" content=\"President Joe Biden released his budget for the next fiscal year on Thursday, outlining the policy priorities that could underpin his reelection bid should he choose to run for a second term. Biden claimed his budget proposal would cut the deficit by $3 trillion over the next decade, although he requested spending increases across virtually every part of the government.\">               <meta itemprop=\"duration\" content=\"PT2M32S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-09 21:59:50\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1259651_th_1678399391.jpg640e166b869df.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1259651.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78399405\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1259651\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">S<\/span>en. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/mark-warner\" target=\"_blank\" rel=\"noopener\">Mark Warner<\/a> (D-VA) claimed that the best way to treat the problem was through the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/yellen-not-bail-out-silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a> A purchase would be collapse. <\/p>\n<p>Warner did not rule out the possibility of a bailout and emphasized the importance of <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/cramer-insists-banks-dont-need-more-regulation\" target=\"_blank\" rel=\"noopener\">SVB depositors<\/a> The SVB executives were elated to receive their money back and stressed the rapidity with which SVB collapsed. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/biden-7-trillion-tax-spend-budget-debt\" target=\"_blank\" rel=\"noopener\">BIDEN PROPOSES A NEARLY $7 TRILLION TAX AND-SPEND BUDGET, THAT WOULD NOT STABILIZE DEBT<\/a><\/b> <\/p>\n<p>&#8220;The best outcome will be \u2013 can they find a buyer for this SVB bank today, before the markets open in Asia later in the day. That would be the best,&#8221; Warner spoke to ABC&#8217;s <i>This Week<\/i> host Martha Raddatz. <\/p>\n<p>SVB disclosed last Wednesday that it sold off a lot of securities at loss and moved capital to raise capital. This panic sparked by venture capital firms, and catalyzed an attack on the bank. Federal regulators took over SVB by Friday. <\/p>\n<p>SVB was the 16th-largest federally insured bank, and it was also the largest to fall into financial trouble since Washington Mutual collapsed during the 2008 financial crisis. Warner, who serves on the Senate Committee on Banking, Housing, and Urban Affairs, outlined the timeline of SVB&#8217;s demise. <\/p>\n<p>&#8220;This bank bought long-term treasuries, interest rates went up, and they got caught in a bind. But what was different in your report made clear, $42 billion came out of this bank on one day \u2014 on Thursday. And frankly, some actors, I think, we&#8217;re accelerating that run. To put in comparison, Washington Mutual during the crisis &#8230; lost $16 billion dollars over 10 days,&#8221; Warner stressed. <\/p>\n<p>During t<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read more from <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-mark-warner-best-outcome-acquisition\">Silicon Valley Bank&#8217;s collapse: Mark Warner believes that an acquisition will produce the best outcome.<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Mark Warner (D-VA) claimed that the best way to treat the problem was through the Silicon Valley Bank A purchase would be collapse. Warner did not rule out the possibility of a bailout and emphasized the importance of SVB depositors The SVB executives were elated to receive their money back and stressed the rapidity &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1897002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[11089,5925,5373,5078,7385,5200,13912,8107,8109,6976],"class_list":["post-1875077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-acquisition","tag-argues","tag-bank","tag-best","tag-collapse","tag-mark","tag-outcome","tag-silicon","tag-valley","tag-warner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875077"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897002"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}