Off-Topic: Understanding the SVB debacle
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Name:
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GoneFishin
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Subject:
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Understanding the SVB debacle
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Date:
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3/15/2023 3:07:22 PM
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What have you posted that is that different than I posted? The basic problem is the loss of value of the existing long term bonds and the need to raise cash. The feds could have used the bonds as collateral to a loan at the same rate the bonds were paying until their maturity and avoided the run and takeover.
I keep reading articles how Trump with a push from the President of Silicon eased up bank requirements for regional banks which I guess you missed reading. Even Barney Franks helped to deregulate some of what he and Warren fought for when he was on the board of the failed bank in New York state... Signature.
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