After the collapse of Silicon Valley Bank, will more banks collapse, this veteran investor expressed apprehension

Silicon Valley Bank: Questioning the government on the sinking of Silicon Valley Bank, it has said that the money of lakhs of taxpayers has been put at risk. Ackman sought the US government's help in the Silicon Valley case.

The financial system has suffered a major setback due to the sinking of Silicon Valley Bank in America . Especially the concern of those investors whose money is invested in this bank has increased further. The concern is not over yet that veteran American investor Bill AckmanHas expressed the possibility of drowning of some more banks. Ackman says that even after the intervention of the US authority, some more banks are likely to sink. This talk of Ackman has further increased the concern of the financial sector. Although the US authorities are constantly trying to win the trust of investors. Ackman questioned the government over the sinking of Silicon Valley Bank, saying that the money of millions of taxpayers has been put at risk. Ackman sought the US government's help in the Silicon Valley case. He says that if the government should protect the interests of investors, then steps should have been taken to prevent the crisis.

Expressed possibility by tweeting

Bill Ackman has expressed the possibility by tweeting that if the government does not take any concrete steps in time, then there may be a possibility of more banks drowning in the coming days. Regarding bank depositors, Ackman tweeted that this is not a bailout. Even at the time of GFC, the government invested money in the form of Frefrrred Stocks of banks. Now the money of those taxpayers has gone into risk mode. The government should come forward regarding this.

This was not a bailout. During the GFC, the gov’t 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… https://t.co/mjwcnVRV9X

— Bill Ackman (@BillAckman) March 13, 2023

Question on banking system

Raising questions on Bill Aikman's bank and government, he has said that sinking of any bank is not a matter of one day. The government should clear that how the government will prepare the roadmap ahead. Be it Silicon Valley or any other bank, there is a management in every bank, there is a CEO, if the bank sinks then there is a long battle. After this there is regulatory investigation, many types of process have to go through. In all this, the image of both the bank and the government gets tarnished.