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Perhaps I wasn't clear. With the rising inflation and interest rates and deteriorating economy people lose their jobs and can't pay their mortgage. My point, an
by dmfdmf 4y ago
Perhaps I wasn't clear. With the rising inflation and interest rates and deteriorating economy people lose their jobs and can't pay their mortgage. My point, and why I thought the line was funny in that article, is that the way SVB failed isn't the only way that banks can fail. Moreover, Tech is currently in a massive round of layoffs and if this spreads to the general economy (which I think it will) then holding large loan balances could become a problem for the banks.