Re:FDIC Takes over Silicon Valley Bank
by snuxoll on Friday March 10, 2023 @05:18PM
(#35101990)
3% MBS, that's a good one. Try more like 1.25% coupon rate with the crazy low mortgage rates were at when SVB got the inrush of deposits (the banks and the GSEs gotta make their money too, with mortgage rates near 7% UMBS coupons are only at 5.5%).
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