Shark Tank star Kevin O’Leary bashed the federal bailout of Silicon Valley Bank depositors. O’Leary explained his critiques on Fox Business’s Cavuto: Coast to Coast with host Neil Cavuto on Tuesdsay. Silicon Valley Bank (SVB) is one of several banks that collapsed last week. O’Leary accused regulators of taking an “isolated incident” and creating a “moral hazard” by applying it as an overall banking concern, guaranteeing deposits above the $250,000 Federal Deposit Insurance Corp. limit. He said... Read this story
