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by incompatible 1198 days ago
The Glass–Steagall rules?

I think the financial crisis ended in 2009, when at the time there was fear that Citibank would be the next to collapse. A rule change was made to allow banks to value "hold to maturity" assets at the purchase price instead of the current market value, so that they could avoid an insolvent balance sheet. The problem for Silicon Valley Bank was apparently that they needed to sell some of the assets and take the loss.

* https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legisla...