pugson
@pugson
what's the deal with svb? genuine question, i am very out of the loop.
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Joe Blau π©
@joeblau
- They got more money then they ever had - they locked up 80bn in Mortgage Backed Securities for 10 years at the top of the market - Jerome Powell raised rates - Their investments went negative - borrowing money costs more than their interest - They donβt have any liquid money left and nobody gave them a loan
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