Silicon Valley Bank was giving executives easy 50 y mortgages for mansions and commercial real estate. This is the garbage now in SVB's balance sheet. It's not just 10y treasuries. Read the actual reports.

In turn, VCs/founders/executives promoted SVB. And now they don't want to be their own counterparties on a bet gone wrong.

https://twitter.com/one4thecashbag/status/163533710637676953...