Leffell: FDIC gave away SVB and Signature Bank assets at advantageous prices
Michael Leffell · Michael Leffell – Opening Doors to Niche Private Opportunities at 10 East (EP.373) · Mar 11, 2024 · at 17:04
Michael Leffell discusses how regulatory forced-selling creates distressed investing opportunities, drawing parallels between the S&L crisis and the 2023 regional banking failures.
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“We saw a similar situation recently when Silicon Valley Bank and Signature Bank went bust, and the FDIC took over their books. The FDIC was selling it. They were giving it away at very, very advantageous prices.”
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