Reading into SVB bank its ironic how they were taken over. They were buying long term treasury bonds with depositors' cash and holding losses as yields soared. When too many customers wanted withdraw SVB did not have enough available cash. To think SVB was using customers' cash to be invested in venture capital and that the bank was taking aggressive risks is not true. Such a bank failure is much worse because the bank was investing if likely one of the lease riskiest investments in the world, US long term treasuries. I have a bad feeling many banks are in the same position and if too many customers pull out the whole system maybe be in for a shock. I won't be surprise if Central Banks act in the coming days !LOL !PIZZA
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This is a very astute assessment.
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