Quote:
Originally Posted by javadog
SBF, SVB, Signature… definitely…
Part of the Fed’s war against Davos and the EU…
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That is ridiculous. The is no grand conspiracy here. Banks owned long duration assets that declined in value with the sharp rise in rates. Depositer's got spooked with the MTM (mark to market) losses and took their cash elsewhere. It's a simple bank run. Should banks have hedged interest rate risk better? Sure, but unless you are going to regulate that, these things will happen. There is no "there" there...it's stunningly simple.
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