Re:FDIC Takes over Silicon Valley Bank
by HDThoreaun on Saturday March 11, 2023 @01:37AM
(#35106063)
Bank accounts were paying .1% interest at this time. SVB could've bought 1 year bonds and made .5-1% easily. That's a billion dollars...
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Re:FDIC Takes over Silicon Valley Bank
by zenlikethat on Saturday March 11, 2023 @01:37AM
(#35106064)
They didn't think they were gonna sell the assets before maturity. In that case, buying those makes sense.