Re:How deep is the rot in America’s banking industry?
by UncleEntity on Thursday March 16, 2023 @05:18PM
(#35188808)
And people saw this is what they were doing and were tweeting about it in advance of all their “problems”.
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Re:How deep is the rot in America’s banking industry?
by basseq on Friday March 17, 2023 @12:27PM
(#35199235)
Sure, though in all fairness, I understand it's standard GAAP accounting for all banks, and your balance sheet has to have a footnote explaining the market value as well. I.e., this particular play or accounting standard is extremely common.
It seems like SVB was perhaps a little more exposed to interest rate risk than others, and had a pool of depositors that were more likely to withdraw significant funds in lockstep.