Birdwatch Note Rating
2023-03-20 04:25:51 UTC - NOT_HELPFUL
Rated by Participant: 3D7E9C79A3175EFA6FBFFF29EB7CD7923C3A1163C391260A0D578569E48CB5E8
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