Hey everyone. Been seeing a lot of articles about Silicon Valley Bank failing. Says it was the first big bank since 2008 to do so.
How does this happen, what does this mean, what happens next?
In: 273
If their “risky” investment was buying too many long-term gov’t bonds, then shouldn’t we be scared for all of the rest of the banks?
Would this have been averted if the had bought short term bonds or kept more in cash?
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