Why would SVB hold it's treasury notes back when Powell started raising interest rates? He stated many, many times he was going to continue to raise rates.
Already in the hole with the first rise in rates was SVB assured by that Smell'n Yellen that she would step in and bail all of the billionaire owned VC companies out who had 100's of multiples in excess of the 250k FDIC limit?
Every which way one turns there is fuckery afoot. Everywhere. Corrupt doesn't even begin to describe all of this. We are watching in slow fucking motion the destruction of this country. Cloward-Piven would be most proud.