Panic! At The Bank with Felix Salmon
What Future with Joshua Topolsky
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Silicon Valley Bank Did Not Do This, Right?
The bonds were issued by Fannie Mae and Freddie Mac, entities that have zero credit risk. "A lot of this was unforced errors on the part of SVB," says CNN's John Defterios. There are lots of ways that banks can avoid taking massive amounts of interest rate risk, he adds.
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