Birdwatch Note Rating
2023-03-13 01:12:53 UTC - NOT_HELPFUL
Rated by Participant: FA7541D1F3C1ACCBFD515824FDB6F974A9FD9533B25D35CB1E7A9527142F09D1
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