2033 dollars lost a lot of value due to interest rate increases. Higher interest rates means that 2023 dollars would convert to more 2033 dollars, so now if you

2033 dollars lost a lot of value due to interest rate increases. Higher interest rates means that 2023 dollars would convert to more 2033 dollars, so now if you want to sell 2033 dollars for 2023 dollars you would get less back. If the interest rates weren't increased they would just have sold their 2033 dollars and everything would be fine, a bank doesn't go under just because it takes a while to get billions of dollars, the whole issue is that they ran out of assets due to their assets having lost value.