| 420c - 3/19/2023 10:27
The fed wanted to push rates until it broke something. They just didn't think it would be the big political donor base in California. To far to fast on rates.
if SVB depositors had bought US bonds at the big PPP inflation reduction flush.. then the $20 billion loss would have accrued to them solely..
by them depositing it at SVB and Yellen bailing them out.. the rest of us share their loss..
fair?
Edited by JonSCKs 3/19/2023 10:46
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