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Are SVB's books plainly fraudulent, or are they just in a very tight spot because they borrowed too long? That is: is SVB actually a worthwhile asset if you ha
by Waterluvian 4y ago
Are SVB's books plainly fraudulent, or are they just in a very tight spot because they borrowed too long? That is: is SVB actually a worthwhile asset if you have plenty of liquidity to weather the storm that SVB could not on its own?
- pgwhalen 4y agoIs their any evidence their books are fraudulent? I’m curious why you bring that up.
- Waterluvian 4y agoI was trying to understand why all the doomsaying. To me it seems like this is a bank with perfectly sane books but making moronic operating choices. So unless there’s some clear as day fraud I wasn’t aware of, someone with plenty of liquidity could buy them for a steal and benefit once all those long investments matured.