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Because if you lose 7% of capital on $180 billion in real terms that’s an awkward conversation with your boss?
by zenlikethat 4y ago
Because if you lose 7% of capital on $180 billion in real terms that’s an awkward conversation with your boss?
- HDThoreaun 4y agoBank accounts were paying .1% interest at this time. SVB could've bought 1 year bonds and made .5-1% easily. That's a billion dollars...
- zenlikethat 4y agoThey didn't think they were gonna sell the assets before maturity. In that case, buying those makes sense.