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The Second Leg of the Silicon Valley Bank Debt Crisis
All large bank treasures in the world hedge their interest rate risk. Silicon Valley Bank didn't do that and you touched upon the deposit base which is very important it's the second leg of this crisisYeah because I think you have a statistics that tells us how much the funding was concentrated at Silicon Valley. else this is not necessarily an issue in times of no stress in markets but as soon as you get a flight of deposits you basically start to realize these losses even though you aimed at not doing it.