Birdwatch Note Rating
2023-03-13 16:44:24 UTC - NOT_HELPFUL
Rated by Participant: 0A5B082A68C6F3150A476B9F59E72F0707D89B0432BF7DF9388190A7045E7C9D
Participant Details
Original Note:
SBV was well capitalized but bought tens of billions of dollars of seemingly safe assets, primarily longer-term U.S. Treasurys and government-backed mortgage securities, and because of low interest rates they went down in value causing its failure https://www.wsj.com/articles/silicon-valley-bank-svb-financial-what-is-happening-299e9b65?st=k165edd5jl7wr28&reflink=desktopwebshare_permalink
All Note Details