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Re:FDIC Takes over Silicon Valley Bank by gregruss on Friday March 10, 2023 @03:34PM (#35100590)
They did not get greedy. They bought bonds, and those bonds turned into a liability. Because the bonds were bought when interest rates were extremely low, they are worth less than bonds at current rates and had to be sold at a loss in order to shore up liquidity. That spooked investors and prompted a run on the bank.
Re:FDIC Takes over Silicon Valley Bank by chii on Friday March 10, 2023 @08:16PM (#35103942)
> They did not get greedy. They bought bonds

they got some bonds which had an interest rate risk, in order to earn a higher interest. This is "greedy", but it would've been fine under normal circumstances, since they did not break any banking regulations.

Re:FDIC Takes over Silicon Valley Bank by HDThoreaun on Saturday March 11, 2023 @01:14AM (#35105953)
You said they didn't get greedy but the next sentence is the description of an extremely greedy act. They did not need to buy 10 year bonds. They could've bought 1 year bonds, or any other length shorter than 10 years. Or just less 10 year bonds.