{"id":1875396,"date":"2023-03-13T08:13:44","date_gmt":"2023-03-13T12:13:44","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-hedge-fund-manager-bill-ackman-warns-more-banks-will-likely-fail\/"},"modified":"2023-03-13T08:18:22","modified_gmt":"2023-03-13T12:18:22","slug":"svb-collapse-hedge-fund-manager-bill-ackman-warns-more-banks-will-likely-fail","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-hedge-fund-manager-bill-ackman-warns-more-banks-will-likely-fail\/","title":{"rendered":"SVB collapse: Hedge fund manager Bill Ackman warns &#8216;more banks will likely fail&#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%2Fsvb-collapse-hedge-fund-manager-bill-ackman-warns-more-banks-will-likely-fail%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=1875396&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--><div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78476531\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Tucker Carlson's Jan. 6 footage creates legal headache for DOJ prosecutions\">               <meta itemprop=\"description\" content=\"The release of new tapes from the Jan. 6 Capitol riot on Tucker Carlson's Fox News show could create a major legal headache for the Department of Justice's handling of cases against hundreds of defendants, according to legal experts. Since Carlson's debut of the footage, several other riot defendants who have yet to face a final judgment over their criminal cases have requested a delay in their trial in order to review the footage released from McCarthy that he said would be made available to all defendants.\">               <meta itemprop=\"duration\" content=\"PT1M35S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-10 19:17:37\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1260458_th_1678476530.jpg640f13789df08.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1260458.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78476531\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1260458\"} }); <\/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\">D<\/span>espite government intervention in the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/us-officials-weigh-backstopping-silicon-valley-depositors\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank collapse<\/a>, more banks are still likely on the road to failure, Pershing Square founder Bill Ackman warned. <\/p>\n<p>Ackman cheered and defended the government&#8217;s decision to guarantee deposits above the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/fdic\" target=\"_blank\" rel=\"noopener\">federally insured ceiling of $250,000<\/a>, stressing it &#8220;was not a bailout in any form&#8221; and that the government has provided a roadmap for addressing the coming storm of potential <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/banking\" target=\"_blank\" rel=\"noopener\">bank failures<\/a>. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/us-officials-weigh-backstopping-silicon-valley-depositors\" target=\"_blank\" rel=\"noopener\">SILICON VALLEY BANK COLLAPSE: U.S. OFFICIALS REPORTEDLY WEIGH BACKSTOPPING DEPOSITORS<\/a><\/b> <\/p>\n<p>&#8220;More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov\u2019t will manage them. Bank boards and managements have received a massive wake up call,&#8221; Ackman warned in a lengthy tweet. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This was not a bailout. During the GFC, the gov\u2019t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to\u2026 <a href=\"https:\/\/t.co\/mjwcnVRV9X\">https:\/\/t.co\/mjwcnVRV9X<\/a><\/p>\n<p>\u2014 Bill Ackman (@BillAckman) <a href=\"https:\/\/twitter.com\/BillAckman\/status\/1635109889302315008?ref_src=twsrc%5Etfw\">March 13, 2023<\/a>              <\/p><\/blockquote>\n<p>               <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>              <\/div>\n<\/p><\/div>\n<p>On Sunday the heads of the Federal Reserve, Treasury Department, and Federal Deposit Insurance Corporation <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-collapse-us-regulators-customer-bail-out-plan\" target=\"_blank\" rel=\"noopener\">announced that depositors<\/a> in SVB will get access to their money on Monday, backstopping deposit withdrawals in a move intended to stave off contagion, or spread of SVB-induced panic across the financial system. <\/p>\n<p>SVB, the 16th largest federally insured bank, suddenly collapsed last Friday and was taken over by regulators after announcing it needed to raise over $2.2 billion to stay solvent. Earlier in the week, SVB spooked investors when it revealed that it sold treasuries at a loss, prompting a run on the bank. <\/p>\n<p>Critics have bristled at the government&#8217;s actions, decrying it as a de facto bailout. The actions came after the FDIC reportedly commenced an auction for SVB. Treasury Secretary Janet Yellen appeared to rule out a traditional federal b<\/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-bill-ackman-warns-more-banks-fail\">SVB collapse: Hedge fund manager Bill Ackman warns &#8216;more banks will likely fail&#8217;<\/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>Despite government intervention in the Silicon Valley Bank collapse, more banks are still likely on the road to failure, Pershing Square founder Bill Ackman warned. Ackman cheered and defended the government&#8217;s decision to guarantee deposits above the federally insured ceiling of $250,000, stressing it &#8220;was not a bailout in any form&#8221; and that the government &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1897036,"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":[21453,8961,7385,10875,4338,4337,6020,3826,21356,3633],"class_list":["post-1875396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-ackman","tag-banks","tag-collapse","tag-fail","tag-fund","tag-hedge","tag-manager","tag-more","tag-svb","tag-warns"],"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\/1875396","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=1875396"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897036"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}