Birdwatch Note Rating
2023-03-13 16:57:57 UTC - HELPFUL
Rated by Participant: D43A24BB9942E7B4E0094871D1D29247095EE8D68B3C3E43C0955F41B688AB73
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