You Can Bank on it: A Cheat Sheet on the SVB Collapse

(From the article):".. in terms anyone who ever purchased a government bond can understand.
They are safe. The problem is liquidity:SVB held tens of billions of dollars in long-term government bonds."

AAABEST :"Insane, corrupt lawyer/politicians have all the levers of power and are just openly looting America at this point.
In addition to robbing us for their 1.2 trillion enviro slush fund, they’ll rob us to bail their buddies out."
"..SVB was run by woke clowns funding enviro-trash startups. They didn’t have a risk manager for the last year of clownery."

All quite true ! Add to that the distribution of "profits" to the bank board members immediately prior to issuing a request for bankruptcy,
even though they knew that the profits were on paper only,.. not existence in reality.
That makes those distributions criminal, with malicious criminal intent.
Also, the fact that some were aware of the bank holding long term notes at 2% and less, while the Federal interest rate climbed to over 6.5%,
indicates blatant stupidity and ignorance of banking procedure, anticipating a 'loss' rather than 'profit'.

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