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latchkey

I really wish they'd televise this. I'd love to watch the bidding process.

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It's probably a lot less exciting than you imagine. Wait for the movie in a few years.

Who would you cast for what roles?

Just reuse the entire cast of Silicon Valley. About the same level of competence in this situation.

    Scene: Erlich Bachman's house in Palo Alto.
    The team is sitting in the den around their computers.
    We see Jin-yang on the TV with a chyron saying he's the new owner of SVB, now DINB, and that depositors now own equivalent to their deposits in PiperCoin.

Erlich Bachman storms into the room, bellows: Jay Powww!

Jim Cramer could play the CEO.

With AI, he doesn't even need to show up to set.

Cathie Wood would play the chief risk officer.

No that role is made for Paul Walter Hauser

months

It’s already in post production.

It's probably closer to making an offer on a house than a live auction event.

Except the previous owner gets a Snickers bar instead of, say, the cash equivalent of the house.

Heath bar at best. Definitely not 100 grand or a payday.

yeah, this would not be excited in the least. watching a dozen emails come in would be quite boring

Speak for yourself haha

Yes, its boring emails... but emails that involve billions of dollars. Also the timely aspect of it would be a bit entertaining...

They manage on presidential election night.

I’d watch it just for the ads. Crypto startups? Top shelf whiskey?

Not an FDIC auction, but if you’re interested in what this sort of bidding looks like the book Barbarians at the Gate details the LBO auction of RJR Nabisco. That auction was a lot of bankers squired away in conference rooms on separate floors of an office building while the auctioneers walked bids between the various groups.

Sadly it doesn’t work this way anymore. You just send a heavily lawyered pdf bid letter by email.

Are you imagining something like the Microsoft Excel Stream[0]?

[0]: https://www.youtube.com/watch?v=xubbVvKbUfY

The PiP of men doing excel.

The angry call from a boss about an unclear footnote.

The suspense!

No kidding. It would be fascinating to see who joins the bidding process and what kind of leverage/collateral they use.

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