5 insightful threads on the SVB collapse
🧐 Research Wanted 🤔
and an extra on the FDIC. https://threadreaderapp.com/thread/1634603026576015361.html
Good rundown. From what I'm reading in that first thread, they basically have a bunch of really low interest mortgages they're holding that are becoming increasingly less valuable as rates rise and with the payout rate on other stuff increasing they've basically got less coming in than what they need to pay out.
Remarkably mundane so far. Curious if the other threads show worse...