Silicon Valley Bank Loses a Lot

A congressman on TikTok was basically saying, you know, about the emergency overnight. But he said, in his explanation, Silicon Valley bank lost a lot of money. I think if people could just understand a duration mix mismatch, right? They take in short term deposits as a liability and then they land out on long term assets. And so to your point is like, we all live under this fiction that as long as normal withdrawal rates are within a normal band of what's expected, then banks are fine. As soon as we have like a run on the bank, you find out that they're using leverage. Is that like that? The banks, banks are definitionally insolvent all