I

 

had this a lil mixed up the other day.

Tons

"Fed raises rates.

Banks heavy with long term Bonds cant afford to pay them off as they mature."

This is a lot more clear and is also good piece on what was actual done and who the players really were and their oppions right up until Mondays Japanese stock market opening Monday

The 72-hour scramble to save the United States from a banking crisis.

"In the hours to follow, the extent of the problem became clear: Silicon Valley Bank held an unusually high percentage of its assets in Treasury bonds. When the Federal Reserve raised interest rates, the value of existing bonds — a normally safe asset — went down. So the bank could not sell those bonds easily to make good on customers’ deposits as panic set in, and many flooded the bank seeking to withdraw their funds.

Might be splitting hairs a lil bit but the statement above is more correct than what I wrote the other day.

Sorry about that.

It wasn't anything intentional I assure you.

And I'm pointing out the error :-)

Just so everybody knows.

I never ever had a business class in my life.

Never studied economics, astronomy etc.

Come on, I was a communications major at WKU for goodness sakes :-).

Business? 

Econ? 

Finance?...

Yeah, no thx.

I had econ my junior year of High School that was it and it was more of a sit around and discuss current events class taught by the basketball coach lol. 

It really was.

Anyway, what Im trying to say is, I'm trying to explain things I really didn't have a good  grasp of until just a few years ago. Trying to come up with real world analogy's so that people can have a better understanding than they might have had otherwise etc.

Mistakes are inevitable :-).