Off-Topic: Reading comprehension alert
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Name:
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MartiniMan
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Subject:
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Reading comprehension alert
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Date:
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3/15/2023 6:20:48 PM
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I will say it again.....the bond issue was a symptom, not the cause of their issues. All banks have these bonds and yet only SVB was going to be specifically downgraded by Moody's because their woke investment portfolio was underperforming....not to mention the billions given to woke causes. The only reason their unrealized loss became realized and caused the run on the bank is their need to add capital to try to hold off the downgrade. Did you even read what the Fed wrote that I posted?!?!? Unrealized losses from these bonds for better run banks because they don't have to sell them at a loss...realized losses because SVB was poorly run and focused on woke crap and had to sell their bonds at a horrible time...something the others have not had to do, yet.
This isn't very hard to comprehend....for most of us anyway.
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