Harrison Krank

@HarrisonKrank ↗

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Last Checked April 1, 2023

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Mon Mar 13 18:40:35 +0000 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

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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

The only ways to intelligently politicize this is by saying inflation caused the interest rate hikes, or the fed switching from a reserve requirement to a capital requirement caused this. All other political arguments are just noise. — PolitiTweet.org

Posted March 13, 2023