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@charliekirk11 It collapsed because it purchased too many Treasuries when yields were high, had too many unrealized losses when yields declined, and a bad hedging strategy. But sure, it was because [enter that bigoted dog whistle you like here]
@EccentricEcon @charliekirk11 How's criticizing hiring based on race bigoted?
@EccentricEcon @charliekirk11 Purchased too many three year notes when prices were high (and yields low). Prices dropped when rates rose and they could not raise enough $$$ to meet withdrawals.
@EccentricEcon @charliekirk11 It didn’t help that 2 large accounts panicked and transferred their funds. This started the decline. newsweek.com/silicon-valley…
@EccentricEcon @charliekirk11 It's no longer a whistle. It's a fog horn