> Certainly less than face value Their assets were higher than their liabilities. This is a liquidity problem, not a solvency problem. Everyone got their mon

> Certainly less than face value Their assets were higher than their liabilities. This is a liquidity problem, not a solvency problem. Everyone got their money from Lehman Brothers, and everyone will get their money from SVB. But not everyone is going to get it right away, because it is invested.