Silicon Valley investors and founders express shock over SVB’s collapse

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Bill Ackman says U.S. did the ‘right thing’ in protecting SVB depositors. Not everyone agrees

• Billionaire investor Bill Ackman said the U.S. government’s intervention to protect depositors after the implosion of Silicon Valley Bank, is “not a bailout” and helps restore confidence in the banking system.
  
• In a tweet, Pershing Square CEO said SVB’s fallout on Monday noted the government did the “right thing.”
  
• But not all Wall Street analysts are convinced the regulators action will shore up confidence in the U.S. banking system and limit the fallout. 
  
• “I don’t think that you can understate the danger that the American banking system is in,” veteran bank analyst Dick Bove, told CNBC’s “Squawk Box Asia” on Monday.
  

Billionaire investor Bill Ackman said the U.S. government’s action to protect depositors after the implosion of Silicon Valley Bank is “not a bailout” and helps restore confidence in the banking system.

In his latest tweet on SVB’s collapse, the hedge fund investor said the U.S. government did the “right thing.”

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