STO Well positioned, page-159

If you had a great idea for an App or some new idea in IT you went to CVB.
The Bank was initially rocked by shares in Tech going backwards and then the unthinkable , up went interest rates.
The Bank had invested heavily in bonds over a couple of years. This is what banks do. They use your money to make bigger returns than they pay you. That's fine that's what keeps things ticking along.
With the financial chaos that appeared during the last couple of years the bonds begun to return a lower rate.
With that the start ups and IT companies some of whom were tied to Crypto became nervous , then the bank run , or a run on the bank , the rest will be read about in the History books if indeed the lefties allow History to be taught in the Schools of the Woke States. We have a saying where I live, It says all the chooks eventually come home to roost.