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Bank runs are self-fulfilling prophecies. So it's not a crime, but it very possibly could be the cause.
by JamesBarney 4y ago
Bank runs are self-fulfilling prophecies. So it's not a crime, but it very possibly could be the cause.
- bequanna 4y agoSVB was screwed. They bought at the tippy-top of the bond market and didn’t bother to hedge interest rate risk. The unreported losses were huge. It was just a matter of time before they bled deposits, were forced to sell and mark to market. Eventually people would notice and a panic bank run would happen. This actually could have occurred as early as Jan when others started to discuss the problems and predicted the bank failure.