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no mismanagement was weeks not days. When the FED change interest rates commercial Mortgage securities were hit and SVB had exposure to that financial product.
by fredgrott 4y ago
no mismanagement was weeks not days. When the FED change interest rates commercial Mortgage securities were hit and SVB had exposure to that financial product.
- bequanna 4y agoSince I hear a lot of people calling out the Fed, Let’s be perfectly clear about who is to blame. SVB chose to invest in 10-year duration MBS that was yielding only 1.5% when higher rates were known to be just around the corner. The risk/reward in no way made sense. Simple incompetence and/or greed.