Apparently the FDIC has been unable to find a buyer for Silicon Valley Bank. Even after opening the auction to non-bank bidders. The reason is obvious. No-one wants the customer base that murdered the bank. What goes around comes around.
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Location : Port Orange, Florida, United States
I'm an independent investor. I make my living from the returns on my investments and have done so for more than 20 years now. My background is in IT, everything from sysadmin through datacenter manager through hardware and software product management. marketing and development to CTO. Plus a side trip in banking. I sail and fly. -
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Financial Reality 