Subject: Re: SVB...FRC..et al
$152B of UNINSURED deposits at SVB alone.
Omaha moment?
Not unless Warren wants to acquire a bank with a very narrow customer base, much of which is in businesses which are leveraged, uneconomic (at the moment), with a higher failure ratio than most. ;)
As for the 'UNINSURED' deposits, SVB also has a ton of assets including long bonds, so the great majority (I have heard 95-98%) of those deposits will be returned eventually, but there will be a time gap as the FDIC unwinds the operations, or as someone else swoops in and buys it for some reason. (Doubtful, but there's a lot of stupid money sloshing around.)