https://iris.to/note1ld59auzer4y3dyu9hs4s7lpw054stx5ak2dgmz75kezvhv8e6leq8u69kz
without the run none of this would have occurred. so again, why the run? https://www.zerohedge.com/markets/record-bank-run-drained-quarter-or-42-billion-svbs-deposits-hours-leaving-it-negative-1bn
Discussion
but they sold treasuries to cover withdrawals already taking place. who needed cash that bad to start the need to sell treasuries
from what I understand, and I'm just a pleb, the treasuries had a massive loss in value because interest rates changed and no one wanted them anymore
so VC's that had normal cash flow needs asked for more money than was available at the time