Bear was sold at a %90 discount (so not a complete loss) 1 week before Lehman fa... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		alex_young on March 10, 2023 \| parent \| context \| favorite \| on: FDIC Takes over Silicon Valley Bank Bear was sold at a %90 discount (so not a complete loss) 1 week before Lehman failed.

Scoundreller on March 11, 2023 [–]

I was surprised when it was supposed to sell for $2 but then they raised it to $10 for some reason even though it was a zombie bank.

Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact