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re: How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?

Posted on 3/14/23 at 1:01 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37249 posts
Posted on 3/14/23 at 1:01 pm to
quote:

legitimately believe banks will simply absorb the losses


The losses are on paper. There are a ton of held bonds here that will pay out at 100 percent but that's a long ways away.

SVB ran out of time.

The problem is that it was pretty bad poicy for SVB to invest in bonds with the length that they did. Locking in a low rate bond for 10-20 years is insane - if you are a bank.
Posted by ItNeverRains
37069
Member since Oct 2007
25852 posts
Posted on 3/14/23 at 2:10 pm to
quote:

The problem is that it was pretty bad poicy for SVB to invest in bonds with the length that they did. Locking in a low rate bond for 10-20 years is insane - if you are a bank.


What should they have invested in?
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