amanfromMars 1 Sat 11 Mar 10:12 [2303111012] .... asks questions of the SVB and the FDIC on https://forums.theregister.com/forum/1/2023/03/10/svb_silvergate_banking_fdic/
Re:SVB had about $209 billion in assets
The assets were mostly government bonds, which are very safe. .... katrinab
Even if assets are mostly government bonds, ...and where did that notion/info appear from, katrinab, for surely that would be most surprising in an adventurous entrepreneurial banking enterprise servering Silicon Valley start-ups chasing unicorn status ...... they are only ever relatively safe, and never safe if issued by and bought from a highly indebted failing disunited states operation.
And if the $209 billion in assets is accounted for as being a lien on customer provided assets/collateral for bank loans, are all customers well and truly screwed by a corrupt banking system gobbling its own clients.
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