Winston
Platinum Member
What stupid shit buys long term Treasuries in this market? I mean seriously, inflation has been a problem that was easily anticipated, like all the way back to 2020. So that shit is on them, and honestly, they should have been left to go belly up without a government rescue. All those companies with all that money deposited, WTF, does the words "due diligence" not mean anything?Are you flippin kidding me?
SVB bought long-term US Treasuries.
What a dumbass.
Biden is a dumbass.
Treasuries will tank if Republican's refuse to increase the debt limit.
They already tanked. And now they caused a couple of bank failures.
And actually, if you knew how things works, the buying of Treasuries was not the problem. The problem was the assault on assets as companies began to withdraw their funds and the bank was forced to sell those assets at a loss to cover those funds. Not a problem now, the FED will loan them the money to cover those withdrawals.