Birdwatch Note Rating
2023-03-15 02:26:45 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F2AEA9ED3DA6400396C52D80A01F2228464500CE0542F165B3AF3D4B53E36320
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