• Description

Description

When asked if the government is considering a bailout of SVB, Warner bucked and said he wants to wait until the end of the day to speculate on next moves because he is 'optimistic' there is a solution before that point.



He added that there is a consensus in Congress that the shareholders of the bank 'ought to lose their money,' but that there are considerations of a bailout for depositors if no buyer comes in to save the day.

Former Federal Deposit Insurance Corporation (FDIC) chair Sheila Bair agreed with Warner, telling NBC's Meet the Press program on Sunday morning that she also believes the best case is for private in home tutoring SVB to find a buyer.