Gasparino: Bidding for SVB has begun today

Fox's Gaspirino is tweeting that the SVB bidding process has begun and is expected to go through the weekend. JPMorgan will not be bidding.

JPMorgan CEO, Jamie Dimon was burned in 2008 when they came to the rescue for Bear Stearns and got burned with litigation issues and other unseen losses. Gasparino says they will not participate.

Admittedly, JPM contributed to the deposit support for First Republic, but that is not a bailout Bailout A bailout is defined as a provision or mechanism of financial assistance to either a corporation or country in a bid to avert bankruptcy. The term became popularized during the global financial crisis in the United States following the passage of massive stimulus packages. A common example for many involved the bailout given the to the US automotive sector in 2009 to help avert its collapse, given the importance it held in the US economy. For example, the automotive company General Motors was gi A bailout is defined as a provision or mechanism of financial assistance to either a corporation or country in a bid to avert bankruptcy. The term became popularized during the global financial crisis in the United States following the passage of massive stimulus packages. A common example for many involved the bailout given the to the US automotive sector in 2009 to help avert its collapse, given the importance it held in the US economy. For example, the automotive company General Motors was gi Read this Term. So they got their hands close to the fire, but they are not looking to put their hands in the fire...