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Message: <blockquote data-quote="earthling" data-source="post: 28692100" data-attributes="member: 967">15 minutes video eka balanda iwasimak na?In short.. they invested heavily on long term bonds with the deposits of their customers. (Mostly tech startups in Silicon Valley). Because the long term bonds paid higher interest rates compared to short term ones.Because of the inflation, the government suddenly raised the interest rates, like what Sri Lanka did.This made the short term bonds interest rates increase & paid more than the long term bonds.The demand for long term bonds went down. The bank panicked & unloaded their long term bonds all at ones.This panicked their customers & the customers tried to withdraw all of their deposits at once. Since the bank had already invested the depositers money in long term bonds, & now they were selling for a loss, the bank was taking billion $ losses and simply they did not have enough liquid cash in the bank to give back to their customers.From having monetary assets of over $200 billion a month ago, they went to bankruptcy within 30 days.They had x2 times Sri Lanka's total debt ($100 billion $s) as monetary assests just a month ago.. and it went to 0 in about 30 days.. <img class="smilie smilie--emoji" loading="lazy" alt="😲" title="Astonished face    :astonished:" src="https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f632.png" data-shortname=":astonished:" /></blockquote>

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