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SVB truly was picking up pennies in front of a steamroller
Posted on 3/12/23 at 1:49 pm
Posted on 3/12/23 at 1:49 pm
quote:
Its strategy to invest deposits in long-term fixed rate bonds — without hedging — was to make an extra 0.4% yield.
LINK
Posted on 3/12/23 at 1:54 pm to rickgrimes
The risk department has some explaining
Posted on 3/12/23 at 1:55 pm to rickgrimes
Who’s the hedge fund short seller that warned of this? I’d like to read more of what he has to say about things
Posted on 3/12/23 at 2:29 pm to UltimaParadox
quote:
The risk department has some explaining
SVB lent to woke startups that worship at the altar of climate change and LBGTQ initiatives. No surprise how this ended.
Posted on 3/12/23 at 2:30 pm to UltimaParadox
quote:
The risk department has some explaining
The one that went without a leader for 8 months ?
Posted on 3/12/23 at 2:32 pm to UltimaParadox
Posted on 3/12/23 at 2:40 pm to Geauxldilocks
quote:
SVB lent to woke startups that worship at the altar of climate change and LBGTQ initiatives. No surprise how this ended.
We got it baw
Posted on 3/12/23 at 2:54 pm to Geauxldilocks
quote:
SVB lent to woke startups that worship at the altar of climate change and LBGTQ initiatives. No surprise how this ended.
SVB failing had nothing to do with who they lent money to, but keep looking ignorant.
Posted on 3/12/23 at 3:18 pm to Geauxldilocks
Where does he say that is why this bank failed
Posted on 3/12/23 at 3:22 pm to Geauxldilocks
quote:
SVB lent to woke startups that worship at the altar of climate change and LBGTQ initiatives. No surprise how this ended.
What does this have to do with why SVB failed?
Posted on 3/12/23 at 3:29 pm to SlowFlowPro
He must have a point, he used like three or four buzzwords.
Posted on 3/12/23 at 3:50 pm to SlowFlowPro
quote:
What does this have to do with why SVB failed?
Politics aside, their lending to start ups is why they were heavy into TBills that got them into this mess. So it’s not all wrong. I don’t have a clue about the political nonsense of it all.
Posted on 3/12/23 at 4:04 pm to baldona
they were heavy into TBills that got them into this mess.
Come on people. It wasn’t TBills ( with one year maturities by definition). They had an average maturity of over 9 years in their portfolio.
Come on people. It wasn’t TBills ( with one year maturities by definition). They had an average maturity of over 9 years in their portfolio.
Posted on 3/12/23 at 4:21 pm to 1609tiger
quote:
Come on people. It wasn’t TBills ( with one year maturities by definition). They had an average maturity of over 9 years in their portfolio.
Correct, poor wording on my end. Same difference just different time frames like you said.
Posted on 3/12/23 at 5:21 pm to SoonerK
quote:
SVB failing had nothing to do with who they lent money to, but keep looking ignorant.
Mostly true, it had a lot to do with who they chose to do business with.
Companies like Circle who is listed as their biggest depositor who have had to make massive withdraws with the downturn in the crypto market. Who still has 3.3B dollars they want to get out of SVB.
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