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re: Can someone who understands venture-capital explain to me why the uproar?
Posted on 3/10/23 at 9:40 pm to stout
Posted on 3/10/23 at 9:40 pm to stout
quote:At least $42B was successfully withdrawn yesterday. That alone negates your claim of "basically disappeared".
Other articles have reported over $200 billion in liabilities but we all know you are always correct about everything.
On top of that, the securities/treasuries portfolio that caused the run in the first place is still largely intact. They paid like $27B for treasuries that were marked down to $25B or something. The $2B in writedown was enough to start triggering capital ratio events, but as you can clearly see - 93% of the value of those securities was still intact. And presumably you understand those assets will be liquidated to pay off depositors. etc. etc.
This post was edited on 3/10/23 at 9:43 pm
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