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This is missing a key point. Silicon Valley Bank was giving those founders/executives easy 50 y mortgages for mansions and commercial real estate. This is the w
by alecco 4y ago
This is missing a key point. Silicon Valley Bank was giving those founders/executives easy 50 y mortgages for mansions and commercial real estate. This is the worst garbage now in SVB's balance sheet. Commercial real estate is down, those mansions are worth less, and MBS with very low rates on top of those are worthless. Don't fall for the distraction of long duration treasuries.
Calcanis telling how he got SVB mortgage for his house: https://twitter.com/one4thecashbag/status/1635337106376769538 https://twitter.com/one4thecashbag/status/163533710637676953...
"They did my mortgage, and they did it in like 10 seconds"
- brookst 4y agoWhat percentage of SVB’s assets were in loans versus long term securities?