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Something else that I haven't seen anyone talking about (and may be a total non-issue) but are other banks exposed the same way that SVB was? I imagine a bunch
by Rodeoclash 4y ago
Something else that I haven't seen anyone talking about (and may be a total non-issue) but are other banks exposed the same way that SVB was? I imagine a bunch of other banks must also be holding these low rate mortgages from a few years ago, could the same thing happen to them?
- arpowers 4y agoProbably not, SVB’s exposure was unique in that most investments during 20-21 were in crypto and web3. Both those technologies have yet to see real revenue… so in turn, lots of companies have been drawing down their balance for the last 18 months without 1. Making money or 2. Raising more. TLDR the amount of money invested in speculative and unrealized companies led to unique exposure for svb