News for hackers. Stuff that matters.

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 JamesBarney on Sunday March 12, 2023 @01:26PM (#35123098)
What did SVB do that was shady and dumb?
[ Parent | on HN ]
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.
[ Parent | on HN ]