mithcoons on Nostr: Silicon Valley Bank collapsed because of Greed full stop 🛑 Bought bonds at Top, ...
Silicon Valley Bank collapsed because of Greed full stop 🛑
Bought bonds at Top, dithered for 1+ year, sold at the Bottom.
Why? Because CEO didn't want SVB stock to eat 2022 Unrealized Losses & show poor Earnings.
He gambled the bank could wait it out..
Instead they got found out 🪦
Published at
2023-03-12 16:51:49Event JSON
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"content": "Silicon Valley Bank collapsed because of Greed full stop 🛑 \nBought bonds at Top, dithered for 1+ year, sold at the Bottom.\nWhy? Because CEO didn't want SVB stock to eat 2022 Unrealized Losses \u0026 show poor Earnings.\nHe gambled the bank could wait it out..\nInstead they got found out 🪦",
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