3 ms·
Everything is different at a granular level but similar at a higher abstraction. In all cases (SVB, BS), banks ran out of liquidity and had paper losses on curr
by silentsea90 4y ago
Everything is different at a granular level but similar at a higher abstraction. In all cases (SVB, BS), banks ran out of liquidity and had paper losses on current investments that would see them go under. Ultimately, if you run out of money, you're bankrupt as a country/company(even banks)/individual