Birdwatch Note Rating
2023-03-12 15:53:24 UTC - HELPFUL
Rated by Participant: A1D8282FFA63B22EB59A54503F74C092DB1C4BDBCA3127C13B9596C1F58589E6
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