Birdwatch Note Rating
2023-03-13 14:50:25 UTC - HELPFUL
Rated by Participant: 8C9FD8DF08D1875968097B1F5E9BA6CA7A4EE7A9DD08C7B5F444B5D716ECCF36
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