mithcoons on Nostr: Silicon Valley Bank collapsed because of Greed full stop 🛑 Bought bonds at Top, ...

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 🪦