4 ms·
And people saw this is what they were doing and were tweeting about it in advance of all their “problems”.
by UncleEntity 4y ago
And people saw this is what they were doing and were tweeting about it in advance of all their “problems”.
- basseq 4y agoSure, though in all fairness, I understand it's standard GAAP accounting for all banks, and your balance sheet has to have a footnote explaining the market value as well. I.e., this particular play or accounting standard is extremely common. It seems like SVB was perhaps a little more exposed to interest rate risk than others, and had a pool of depositors that were more likely to withdraw significant funds in lockstep.