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[quote=Anonymous][quote=Anonymous]I used to work at SVB. I am not surprised at all. Management there were handing out loans left and right when the tech boom hit. I left SVB that fall because I saw what was coming. [/quote] But the story is they failed because of long dated treasuries as reserves; rising rates gave them too large a haircut. They should have been rolling over short-dated treasuries with less yield.[/quote]
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