I think it's weird that they said "nearly 200" instead of just saying 186. It's like they're trying to make it sound worse than it is. Likewise, their definit

I think it's weird that they said "nearly 200" instead of just saying 186. It's like they're trying to make it sound worse than it is. Likewise, their definition of "same fate" is they could fail "if half of their depositors quickly withdraw their funds." That's a ridiculously harsh criterion. But even then, as of six days ago, SVB-like banks can now convert their long-term bonds into cash loans, at face value. It doesn't look like the study is factoring in that new landscape. It's just counting up the banks that hold long-term bonds....