Re:FDIC Takes over Silicon Valley Bank
by chii on Friday March 10, 2023 @08:16PM
(#35103942)
> They did not get greedy. They bought bonds
they got some bonds which had an interest rate risk, in order to earn a higher interest. This is "greedy", but it would've been fine under normal circumstances, since they did not break any banking regulations.
they got some bonds which had an interest rate risk, in order to earn a higher interest. This is "greedy", but it would've been fine under normal circumstances, since they did not break any banking regulations.