3. SVB’s assets. They actually have enough assets to pay, but it will take time ... | Hacker News

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		dodgerdan on March 12, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... 3. SVB’s assets. They actually have enough assets to pay, but it will take time for those bonds to mature.

gruez on March 12, 2023 [–]

Having to wait for the bonds to mature is arguably a haircut. Otherwise you can for example, justify a 10% haircut by saying that you can take that 10%, buy some 5 year treasuries with it, and get back your money once those bonds mature.

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