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A comment on SVB does not deserve a bailout. They DID NOT hedge interest rate risk at all. Parent comment
I also agree that banks shouldn’t be the sole intermediating agents for money creation but this has absolutely nothing to do with retail banking.
Who exactly is the captive audience in retail banking? Last time I checked there was plenty of choice there.
Anyway, SVB clearly is a failure of risk management which is a failure of the regulatory environment.
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I also agree that banks shouldn’t be the sole intermediating agents for money creation but this has absolutely nothing to do with retail banking.
Who exactly is the captive audience in retail banking? Last time I checked there was plenty of choice there.
Anyway, SVB clearly is a failure of risk management which is a failure of the regulatory environment.