this post was submitted on 26 May 2025
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SVB loaded up on us treasuries right before covid, then fed raised the rate and they were sitting on ton of collateral that was now materially under water.
Daddy sam bailed them out and made all depositors whole, ie they paid in excess of what FDIC insures.
Depositors were obviously better people such as VC types and start ups....
Must be nice being in the club.