Quote Originally Posted by Tellafriend View Post
Quote Originally Posted by Sanlmar View Post
If they held the bonds to maturity that might have been one thing but they needed to sell as the tech startups gegqn needing cash more than ever as VC’s weren’t in the position or as willing to fund them. Even if they didn’t sell the bonds they needed to mark them to market (present value which because interest rates went up their value went down)

Druff’s observation about a “bank run” was just icing on the cake.

But yes, the dumbest finance guys are in banking and the Fed. It’s something you can count on.

Whether banking as we know it now exists in ten years is a very interesting proposition. The answer is no especially because of the coming CBDC

it's as if they had never heard of laddering their bonds. smh. nothing makes sense any longer. time to take my ball and go home.

Daly, would you please respond to my post. i'm an outsider. you aren't. but it seems so simple and yet they failed. wouldn't this have prevented the run? and isn't laddering the standard of care here?