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Old 03-15-2023 | 04:56 AM
  #20  
AllYourBaseAreB
Gets Weekends Off
 
Joined: Dec 2019
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SVB wasn’t insolvent it was just suffering a liquidity crunch. They have plenty of money tied up in treasuries that they were being forced to put up for fire sale to cover all the tech bros’ massive withdrawals. The bank investors are losing their investment. The big depositors are getting their money back early, vs having to wait. They just wanted to stop this moronic bank panic from spreading
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