Submitted by Substantial-Pass-992 t3_123e3l4 in news
dclxvi616 t1_jdyz482 wrote
Reply to comment by sciguy52 in First Citizens Bank to purchase assets of Silicon Valley Bank by Substantial-Pass-992
The two statements are not mutually exclusive: "SVB did not have enough liquid assets," & "The assets of SVB are good."
It's like if you put all your cash into savings bonds that you cannot redeem for a 1-year holding period and don't leave yourself anything to buy groceries with. You are financially ruined in the moment, but your bonds are still good assets.
[deleted] t1_je3o8rs wrote
[removed]
Viewing a single comment thread. View all comments