GoCommiesGo Posted March 12 Share Posted March 12 So the head of the bank successfully lobbied to change the asset value of the too big to fail banks to 250b when SVB had 204b(ish) in assets. The CEO is Greg Becker who was in the CFO of Lehman Brothers during their collapse. 🤔 Their security backstops were in long term low yield treasury bonds. They didn’t reallocate when interest rates changed and now are screwed. It seems like the a bank that specializes in risky investments made risky choices and will likely be purchased by a larger bank or have the assets liquidated to cover excess depositor accounts. At some point risky and poor behavior has to be addressed and things have to fail. 1 Link to comment Share on other sites More sharing options...
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