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Are you reading a different news than I am? I am not aware of SVB providing excessive interest rate for anyone. The bank burned because they took a duration ris

by vaidhy 4y ago

Are you reading a different news than I am? I am not aware of SVB providing excessive interest rate for anyone. The bank burned because they took a duration risk, but I do not think any depositor got any freebie. Unless you are counting on the unnecessary anxiety of losing almost everything for the last few days.

wmf 4y ago
The "freebie" was (supposedly) that SVB would give mortgages to people who no other bank would touch.
- vaidhy 4y ago
  But that is not true either. SVB could not find enough people to give loans which is why it was all parked in long term treasuries.