FDIC Takes over Silicon Valley Bank

Re:FDIC Takes over Silicon Valley Bank by bdangubic on Friday March 10, 2023 @07:07PM (#35103221)

all other details aside - if you purchase $80bn of “mortage-backed” anything you deserve everything that will eventually come your way

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Re:FDIC Takes over Silicon Valley Bank by zenlikethat on Saturday March 11, 2023 @12:14AM (#35105617)

In general people pay their mortgages. Just because a financial crisis has happened around it once doesn’t mean the asset class is inherently bad. It’s more regulated than ever, the problem was rising interest rates and not being able to keep their head above water with the position.

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Re:FDIC Takes over Silicon Valley Bank by bdangubic on Saturday March 11, 2023 @08:45AM (#35108216)

“in general” is not good enough when you are pouring in $80bn mate.

would you mortgage (no pun intended) your family’s entire financial health on something that works “in general”?

[ Parent | on HN ]