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Agree with that? totally disagree. sbv is in the situation they are in because they miss match assets and liabilities. no one did not know that rates were going to raise, and they wanted to achieve bigger profits. their equity one from sandra: wait, hold on. everyone knows rates are going up. right, so prices go down. their equity one from 40 billion to 13 billion. their assets went from they needed to make profits. they took different risks, but longer term treasuries and mortgages, and there was a run on the bank, and mohamed will talk to about digital finance, but it s something we ve never seen. you can withdraw $40 billion in an hour appeared sandra: he is suggesting that this is a whole new ball game now. because of the speed by which information travels, whether it is digital media, social media. voices like bill ackman got out there right away. he spooked a lot of people by saying that if the feds don t ....
Mohamed and i have been on the same page years, that inflation was not transitory and that the fed was too slow on rates, both ways. i spoke to them all weekend. he wanted a guaranteed two deposits, and that is what they ended up doing. i think were going down a slippery slope. bill and i have had a little exchange, but the idea that we want all regional and community banks to now have guaranteed deposits, they have become a utility. therefore we have to look at their risk, their profit capability. it s fine if we want to go that way, but you can t keep having a bailout just because a bank like sbv in my opinion, totally mismanaged. two days before, they could have raised $2 billion in a nanosecond. sandra: let me get one final thought from mohamed. he is right. we have now made the whole deposit insurance hostage to you this one bank, but i fear that ....
Vietnam’s central bank net withdrew over VND30 trillion from the market last week as the banking system saw surplus liquidity due to slow credit growth. ....