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A comment on SVB shows that there are few libertarians in a financial foxhole. Parent comment

Re:SVB shows that there are few libertarians in a financial ... by cal5k on Monday March 13, 2023 @04:21PM (#35141935)
At the time they were purchased, central banks around the world were going out of their way to assure people that rates would not be going up for a long time.

Not excusing their failure to properly account for duration risk, but regulators didn't see this coming either - what they were doing was considered to be not only wholly acceptable, but downright "safe".

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Re:SVB shows that there are few libertarians in a financial ... by olivermarks on Monday March 13, 2023 @04:24PM (#35141969)
It was naive, lazy and dangerous of SVB to assume in a 10 year window nothing would change IMO
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Re:SVB shows that there are few libertarians in a financial ... by mhb on Monday March 13, 2023 @04:40PM (#35142209)
Don't forget greedy. Not hedging saves money.
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Re:SVB shows that there are few libertarians in a financial ... by eep_social on Monday March 13, 2023 @04:56PM (#35142451)
Central banks have been telegraphing rate increases for over a year. Your statement might have been true on the day of the purchase but SVB had an entire year to fix their mistake and failed to do so.
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