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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 strbean on Monday March 13, 2023 @04:38PM (#35142181)
Those darned reckless treasury bond buyers. How dare they recklessly gamble on the conventionally safest investment in the history of mankind!
[ Parent | on HN ]
Re:SVB shows that there are few libertarians in a financial ... by eep_social on Monday March 13, 2023 @04:49PM (#35142342)
Your personal inability to understand the risk SVB took isn’t universal.
[ Parent | on HN ]
Re:SVB shows that there are few libertarians in a financial ... by MrMan on Tuesday March 14, 2023 @07:26AM (#35149827)
from the comments on HN it seems well-nigh universal.
[ Parent | on HN ]
Re:SVB shows that there are few libertarians in a financial ... by reducesuffering on Monday March 13, 2023 @04:56PM (#35142455)
They didn't buy treasury bonds, they bought mortgage-backed securities with average duration of ~10 years (risky), why are people still wrongly repeating this?
[ Parent | on HN ]
Re:SVB shows that there are few libertarians in a financial ... by opportune on Monday March 13, 2023 @06:20PM (#35143843)
Bonds of any kind are not safe if you need the capital before they mature (which SVB did) in the face of interest rate increases. The longer duration the bond, the harder it hurts when interest rates increase.

There are financial instruments like interest rate swaps specifically for banks to hedge against this exact scenario.

Let’s not extrapolate some simplified personal finance advice to financial professionals who should have known better

[ Parent | on HN ]
Re:SVB shows that there are few libertarians in a financial ... by worksonmine on Monday March 13, 2023 @07:05PM (#35144445)
If I can't access my funds because they're invested without my approval I don't give a fuck if you invested in immortality. I don't have to explain why I want it right fucking now. I'm buying hookers and coke why do you care give me my fucking money. Also I want my cut.
[ Parent | on HN ]