Name:   MartiniMan - Subject:   You simply do not understand...no surprise Date:   3/14/2023 8:19:07 AM

Goofy, you are nothing if not predictable.  Predictably wrong and economically illiterate.  Every single bank did the same thing with bonds....every one of them.  So how come Moody's picked on SVB instead of every other bank that was long on bonds?  Answer, because the other banks didn't make foolish investments and loans based on ESG and DEI (which SVB constantly bragged about), didn't get notice that their rating was going to be downgraded and weren't forced to sell their bonds at a loss.  SVB did because they made crappy loans and investments that hurt their credit rating.  The bond issue is a symptom, not a cause.  If you can hold onto bonds until they mature you not only get the interest income but you get all the principal back.  If you are forced to sell bonds to raise capital at a time when interest rates are up and bond values are down then you will take a loss.

So SVB was forced to sell bonds at a loss to raise capital to try to hold off a downgrade of their credit rating by Moody's due to their lousy woke business decisions resulting in a run on the bank that sent them into bankruptcy.  Go woke, go broke.....