Birdwatch Note Rating
2023-03-12 18:31:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 46505CF84E6B0E266AA0CAD5CCE633ADEB66A0E274872E2181DFF8FFAB08BF9E
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