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6min chapter
Full Employment, Failing Banks
Moody's Talks - Inside Economics
What's Going on With SVB?
The bank failed earlier this week, right? They are under capitalized. And then the depositors started getting concerned about their deposits and pulling out. The value of treasury securities was now significantly lower because of the run up in rates. That's a classic mismatch between assets and liabilities that banks often are struggling with.
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