2 ms·
Reserve money and insurance are very silly until you need them.
by rvnx 4y ago
Reserve money and insurance are very silly until you need them.
- eru 4y agoRubber duckies are very silly, until you need them. (Afterwards, too.) Just to be clear: the problem is that SVB didn't have enough loss absorbing equity. If they had more, they wouldn't be insolvent.