3 ms·
If you'd like to value my 10-year 1%-yield treasures at face-value, I have a lot of them I'd be happy to sell you. I don't suppose you would like to pay a doll
by vkou 4y ago
If you'd like to value my 10-year 1%-yield treasures at face-value, I have a lot of them I'd be happy to sell you.
I don't suppose you would like to pay a dollar for eighty cents, though.
The hold-to-maturity rules seem reasonable to me, and it's insane that SVB actively and voluntarily turned themselves from 'insolvent under a particular accounting interpretation' to 'actually insolvent'.
- AnimalMuppet 4y agoWithdrawals turned them from "insolvent under a technical rule" to "actually insolvent". That's kind of why they were insolvent under the technical rule - because withdrawals could make them actually insolvent.
- deleted 4y ago[deleted]