noitanigami
Re:Joint Statement by the Department of the Treasury, Federal Reserve,...
on Monday March 13, 2023 @02:39AM (#35131945)
Re:Joint Statement by the Department of the Treasury, Federal Reserve,...
on Sunday March 12, 2023 @11:17PM (#35130545)
SVB made loans to cash-rich companies approximate to their funding rounds, when they were least likely to immediately use the cash. These loans typically required the company to hold the money as a deposit in SVB. These deposits were used to buy long duration bonds.
In other words, SVB used these companies to produce new money that they could earn interest on.
Re:The U.S. Air Force just admitted the F-35 stealth fighter has failed
on Wednesday February 24, 2021 @05:40PM (#26257146)
The F-35 failed from a certain institutional perspective by becoming a real plane. It is no longer a magic money pot where you could park your pet projects for funding.
As an actual fighter-plane, it is fine.