5 ms·
The difference is 2008 was due to speculative asset bubble finally popping
by foogazi 4y ago
The difference is 2008 was due to speculative asset bubble finally popping
- more_corn 4y agoWhat were the assets that SVB invested in that went down causing them to lose so much money they couldn’t cover deposits?
- foogazi 4y agoBonds
- postingawayonhn 4y agoI'm not sure that's a difference. The core problem seems to be that the value assets acquired during the COVID years are falling rapidly as interest rates rise.