Birdwatch Note Rating
2023-03-12 17:55:02 UTC - HELPFUL
Rated by Participant: 2A965536D21E46D994830FEF610FB17506657749CE4F40ED2BDB99B3102E9433
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