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Replying to Avatar Matt C⚡️

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 🪦

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gxost 2y ago

Spot on Matt

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