Birdwatch Note Rating
2023-05-17 04:28:37 UTC - NOT_HELPFUL
Rated by Participant: 96E2BCF9745FF38FA7975D3D702BAAA75CB4D70819B50DA85F536B5E60DEFF8C
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