News for hackers. Stuff that matters.
Re:Joint Statement by the Department of the Treasury, Federa... by Uvix on Sunday March 12, 2023 @07:40PM (#35128239)
SVB was solvent before the run. Is that still the case even after Wednesday/Thursday's fire sales, where they had to sell a bunch at a loss?
Re:Joint Statement by the Department of the Treasury, Federa... by cherioo on Sunday March 12, 2023 @08:48PM (#35128971)
SVB had more asset than liability, at least on paper. They were not able to be solvent selling on open market in the time it had, but perhaps that can be done by a bigger bank over longer period of time?