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This guy kinda predicted Silicon Valley Bank's doom on Feb 23rd

Posted on 3/11/23 at 11:59 pm
Posted by saintforlife1
Member since Jul 2012
1374 posts
Posted on 3/11/23 at 11:59 pm
This is wild...

quote:

@ByrneHobart

Also in today's newsletter: Silicon Valley Bank was, based on the market value of their assets, technically insolvent last quarter and is now levered 185:1.



quote:

I don't expect a bank run; banks don't technically *need* equity, they just need depositors to have a good reason not to flee, and an equity cushion is a great reason. On the other hand, pretty weird situation.


Tweet from 2/23/23
This post was edited on 3/12/23 at 12:23 am
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