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A comment on FDIC Takes over Silicon Valley Bank. Parent comment

Re:FDIC Takes over Silicon Valley Bank by rvnx on Friday March 10, 2023 @02:40PM (#35099738)
As a bank, parking the money into long maturity bonds, especially when it's not your money, and your customer can take the money back anytime, and the current rates are 0% (so can go upward only...).

Sounds like an insane investment decision.

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Re:FDIC Takes over Silicon Valley Bank by baremetal on Friday March 10, 2023 @03:58PM (#35100939)
At least SVB _was_ diverse and inclusive. With extensive ESG virtue signaling. With that kind of pedigree, well, never you mind about making sound financial decisions.

https://www.svb.com/about-us/living-our-values

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Re:FDIC Takes over Silicon Valley Bank by athammer on Friday March 10, 2023 @05:38PM (#35102239)
What does ESG have to do with this? Seems like your politically motivated to see the world through one lens.
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Re:FDIC Takes over Silicon Valley Bank by kimbernator on Friday March 10, 2023 @05:47PM (#35102336)
How is that relevant at all?
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Re:FDIC Takes over Silicon Valley Bank by baremetal on Friday March 10, 2023 @06:40PM (#35102929)
Not one mention on their values page of being responsible financial stewards. Only virtue signaling.
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Re:FDIC Takes over Silicon Valley Bank by dbuder on Friday March 10, 2023 @07:34PM (#35103501)
Bond traders are generally old white male republicans
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