• ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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    1 year ago

    If I recall correctly, I think she was referring to the value of US bonds dropping. She was saying that SVB was holding bonds because they were supposed to be a safe investment, but due to rates going up that turned out not to be the case.

    • v12riceburner@lemmygrad.ml
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      1 year ago

      She said that too but she also said they couldn’t get bailed out https://youtu.be/lSTLsHAGoVA?t=4887

      2011 01:21:20,040 --> 01:21:22,020 Silicon Valley Bank and the other banks

      2012 01:21:22,020 --> 01:21:24,239 that collapsed recently and and and by

      2013 01:21:24,239 --> 01:21:26,580 the way another learning Factor

      2014 01:21:26,580 --> 01:21:28,800 the United States government could not

      2015 01:21:28,800 --> 01:21:30,360 possibly have bailed them out because

      2016 01:21:30,360 --> 01:21:32,460 the fact of the matter is that the

      2017 01:21:32,460 --> 01:21:34,320 American public knows the U.S public

      2018 01:21:34,320 --> 01:21:37,800 knows that uh the last time it’s the

      2019 01:21:37,800 --> 01:21:39,719 banks that got bailed out so any

      2020 01:21:39,719 --> 01:21:42,420 government that does it again is going

      2021 01:21:42,420 --> 01:21:45,719 to face an enormous amount of popular