News for hackers. Stuff that matters.
Re:SVB shows that there are few libertarians in a financial ... by yunwal on Tuesday March 14, 2023 @01:05AM (#35147642)
You can call it whatever you want. They lobbied to not be subject to liquidity stress tests, and then didn’t have liquid assets when customers came looking for their money. That was risky. They could have invested in shorter term contracts but they didn’t.

There are no comments on this comment yet.