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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 refulgentis on Monday March 13, 2023 @04:33PM (#35142114)
Correct. And they failed at it. Swap bonds for magic beans and see if it’s defensible. We know the bonds were worth less, but it doesn’t obviate failing to manage the half of the business that isn’t people handing you money
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Re:SVB shows that there are few libertarians in a financial ... by wolfendin on Monday March 13, 2023 @05:48PM (#35143347)
Magic beans could be anything. So I’m not sure that works
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Re:SVB shows that there are few libertarians in a financial ... by refulgentis on Monday March 13, 2023 @06:07PM (#35143670)
Correct. I think you are being blinded by the word "bonds" when evaluating the proportions you assign to mismanagement vs. being blindsided. I feel inviting swapping in a word that is anything except bonds may be a way to continue this interesting conversation
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