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Fed Alarms at SVB Began More Than Year Ago
Bloomberg Businessweek
Do You Really Think It's Like 2008?
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This is, this harkens back to 2008. We're seeing one bank after the next drop. They all seem to have the same problem, which is they were long, long dated treasuries. And with interest rate thriving so much last year, all these books are worth 20 to 40% less. So we'll see how this all plays out though.
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