government bailout
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The founder of Pershing Plaza appealed to the US government to consider rescuing SVB
According to reports, Bill Ackman, founder of Pershing Plaza Capital Management, said that if private capital solutions could not be provided, the US government should consider a “highly diluted” rescue for SVB Financial Group, the parent company of Silicon Valley Bank. Ackerman said that the government could also choose to provide guarantees for the company’s deposits in exchange for share warrants, enabling the company to raise new funds Interpretation of this information: Bill Ackman, the founder of Pershing Plaza Capital Management, has suggested that the US government should consider providing…
