Normally HN has some of the best quality comments on the whole internet but the amount of FUD and just plain wrongness in this topic is surreal.

The truth is: the bank’s risk management was done by a couple pigeons: one to peck ‘buy long duration’ and the other to peck ‘approved’. There is no other bank like this. Spillover risk is zero. The folks who are shouting about systemic bank run are talking their books (Ackman please shut up now if you’re reading this)