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SVB was investing Checking accounts money into mid-term bonds. Another kind of scam.
by hartator 3y ago
SVB was investing Checking accounts money into mid-term bonds. Another kind of scam.
- judge2020 3y agoIt was all within the Fed's fund rate guidelines so I'm not sure how it was so scammy. Or does the the typical bank have a larger amount of short-term investments that can be easily liquidated in case there's a bank run?
- hartator 3y agoCash-equivalent or money market are fine, mid-term bounds are not. > It was all within the Fed's fund rate guidelines so I'm not sure how it was so scammy. SVB people are getting charged with criminal charges.