Birdwatch Note Rating
2023-03-12 15:01:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 9812794613B0F9B6EEB046B391E5DF407AB66127AE6999A8393009C2B5A4D4A9
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