Birdwatch Note Rating
2023-03-12 18:59:15 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 4A2664DC37F90EACF47F3B4ABA358765EA9CAF9759CF6B318F4363D83852185F
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