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A comment on Yellen says government will help SVB depositors but rules out bailout. Parent comment

Re:Yellen says government will help SVB depositors but rules... by prepend on Sunday March 12, 2023 @11:48AM (#35121502)
The lesson is to mitigate this risk with insurance, account structures and other things.

I think the lesson is also don’t bank with banks doing shady, dumb things. And that’s a valuable lesson that people with over $250k should already know and not need to be taught.

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Re:Yellen says government will help SVB depositors but rules... by JamesBarney on Sunday March 12, 2023 @01:26PM (#35123098)
What did SVB do that was shady and dumb?
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Re:Yellen says government will help SVB depositors but rules... by JamesBarney on Monday March 13, 2023 @12:53PM (#35138494)
Looked into it further, they didn't really do anything shady, but they did fail to hedge their interest rate risk with swaps, which is dumb.
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