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Those higher yield t-bills are a great way for banks to make money, too. SVB is a case of misreading the trend and getting caught out. I see a ton of banks off
by ISL 4y ago
Those higher yield t-bills are a great way for banks to make money, too. SVB is a case of misreading the trend and getting caught out.
I see a ton of banks offering CDs at half a percent below the matching T-bills rate....
- gitfan86 4y agoSBV is a symptom of the whole SV culture over the past few years. Crypto, Over Hiring, Over paying, 100x ARR valuations, are all tied together. A frenzy of greed and incompetence took over the industry (partially due to ZIRP), it all had to come crashing down at some point. Just like in 2007 when everyone said that houses only go up in price every year. That just isn't reality.