- Many SVB employees cheered on a post calling for Elon Musk to buy the bank with a parody of an Alanis Morissette song.
- The post comes after the bank’s public collapse last week.
- But many have criticized the handling of SVB’s failure, including a government bailout announced over the weekend.
A former Silicon Valley Bank employee is calling on Elon Musk to buy the failed financial institution, even after a federal bailout and as the billionaire continues to face backlash over his purchase of Twitter.
In a post to LinkedIn, 11-year SVB employee Mona Maitra called on Musk to buy the bank using a parody music video of Alanis Morissette’s “Ironic” filmed in a Tesla.
The post quickly garnered attention on LinkedIn, amassing thousands of views and hundreds of comments in shares since it was posted Sunday.
“Mona oh my gosh you nailed it!!!” commented someone also identified as a Silicon Valley Bank employee.
Musk tweeted last week that he was open to buying the failed bank, and later warned that its collapse mirrored the 1929 Wall Street crash.
The lighthearted post comes after the highly public collapse of Silicon Valley Bank Friday, which brought lengthy and wide reaching debate over how to handle the bank’s failure.
Over the weekend, the Federal Reserve, the FDIC, and US Treasury announced a bailout for the bank’s customers — mostly venture capital and startup businesses. “Depositors will have access to all their money starting Monday, March 13,” read the statement. “No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” But the move brought criticism and comparisons to bank bailouts during the Great Recession.
While many cheered the “Ironic” parody, some SVB employees have warned that a buyout by Musk might not be a silver bullet.
“Guys, Pay attention. Elon is not a savior,” wrote SVB project manager Kelley Dean-Crowley.
However, amid the unnerving fallout, some used the parody to celebrate the company’s employees.
“I laughed, I cried, I sent it to all of my closest SVBers. You’re amazing, Mona,” wrote SVB Deputy Chief BSA Officer Jenni Halleran. “People like you are why this is all so very hard.”