Birdwatch Note Rating
2023-03-13 21:57:58 UTC - HELPFUL
Rated by Participant: 4C9C9C9232A2FFC3397EF49BC82CD9F579BE5769129385A4CF22FF562AB61777
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