One tweet summary of what happened. It's ironic that the cause of the failure was that the bank parked a large part of its assets in the "most secure" instrument in the world, US treasuries.

X (formerly Twitter)

Anne-Sylvaine Chassany (@ChassNews) on X

SVB’s troubles stem from parking $91bn in deposits in long-dated securities such as mortgage bonds and US Treasuries,which were deemed safe but a...

Watching Vox videos is a lesson in the "Gell Mann Amnesia" effect. When watching videos on topics I know nothing about, I find the content nuanced and informative. For eg: I enjoyed and "learnt" from this video about myopia. However, when I watch a Vox piece on a topic I know a little about, I'm surprised by how biased & frivolous their content can be. It's full of half truths and attempts to mislead the audience without using a heavy hand. For eg: After watching this terrible piece on inflation, you will leave with a warm and fuzzy feeling about Biden and distrust of large evil corporations. However, you will learn nothing new about the cause of global inflation.

Hello Nostr People, I think I setup my lnurl correctly. Can someone please send me a test zap?