Harrison Krank

@HarrisonKrank ↗

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Last Checked March 13, 2023

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Mon Mar 13 18:40:05 +0000 2023

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Harrison Krank @HarrisonKrank

Here a VERY simplified summary of SVB: Bank invests capital in bonds-> interest rate hikes causes bond value to decrease -> tech startups take cash out to cover troubling 2022 costs-> Bank Run forces SVB to sell bonds at a loss instead of holding until maturity -> SVB fails — PolitiTweet.org

Posted March 13, 2023 Just a Typo

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Harrison Krank @HarrisonKrank

People are saying trump cut banking regulations but have no clue what regulations were cut. — PolitiTweet.org

Posted March 13, 2023

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Harrison Krank @HarrisonKrank

Here is a VERY simplified summary of SVB: Bank invests capital in bonds-> interest rate hikes causes bond value to decrease -> tech startups take cash out to cover troubling 2022 costs-> Bank Run forces SVB to sell bonds at a loss instead of holding until maturity -> SVB fails — PolitiTweet.org

Posted March 13, 2023