Re:Yellen says government will help SVB depositors but rules...
by chiefalchemist on Sunday March 12, 2023 @11:41AM
(#35121395)
To clarify, SVB's problems are the result of The Fed's change in direction. It just takes a while to see the affects of those decisions.
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Re:Yellen says government will help SVB depositors but rules...
by salawat on Sunday March 12, 2023 @01:14PM
(#35122894)
SVB's problems were the result of glutting on long maturation bonds instead of bills.
Re:Yellen says government will help SVB depositors but rules...
by chiefalchemist on Sunday March 12, 2023 @07:12PM
(#35127863)
As it was explained to me, the Fed increasing interest rates impacted the value of the bonds held by SVB. As that value contracted SVBs was eventually in trouble.