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Why wouldn't there be a way? They're a government corporation with a $2bn budget, thousands of employees, whose only purpose is to oversee this kind of event. A
by justeleblanc 4y ago
Why wouldn't there be a way? They're a government corporation with a $2bn budget, thousands of employees, whose only purpose is to oversee this kind of event. And it's not like they've been overwhelmed with work recently. The bankruptcy was only made public Friday, but they've been working on it for longer than that. Yes, they've certainly done their due diligence.
- mlyle 4y ago> The bankruptcy was only made public Friday, but they've been working on it for longer than that. Not much longer. It's only Thursday's run that tipped SVB into insolvency.
- FireBeyond 4y ago> It's only Thursday's run that tipped SVB into insolvency. What triggers in their holdings do you think started the run?
- mlyle 4y agoI think we understand that differing mark-to-market rules between GAAP and banking regulations were important here.