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A comment on FDIC Takes over Silicon Valley Bank. Parent comment

Re:FDIC Takes over Silicon Valley Bank by q1w2 on Friday March 10, 2023 @05:16PM (#35101976)
Exactly - they failed due to one of the most widely predicted trends. Literally everyone knew interest rates would go up.

They absolutely deserved to fail.

The government allowing them to fail is actually a sign of the system working.

[ Parent | on HN ]
Re:FDIC Takes over Silicon Valley Bank by alfalfasprout on Friday March 10, 2023 @07:19PM (#35103347)
Not even predicted trends... even when the fed said specifically they would raise rates they still didn't start selling their securities. Every. Single. Time. Nothing.
[ Parent | on HN ]