America’s banks are missing hundreds of billions of dollars

Re:America’s banks are missing hundreds of billions of dollars by unyttigfjelltol on Wednesday March 22, 2023 @06:46AM (#35259201)

I'm not disagreeing that SVB was wrong, but it's easy for us arm-chair folks to second-guess the wisdom of creating a business model that was doomed in a once-in-40-year-catastrophe. But, "Silicon Valley" was in the name and 40 years was a long time ago, so why not.

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Re:America’s banks are missing hundreds of billions of dollars by postexitus on Wednesday March 22, 2023 @07:11AM (#35259370)

Risk management is not that difficult. Interest Rate exposure is a first order risk that even juniors should be able hedge out properly - it's not some exotic event where correlations went out of whack or something. These guys were either clueless / had no visibility into their balance sheet or outright criminal.

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Re:America’s banks are missing hundreds of billions of dollars by dsomers on Wednesday March 22, 2023 @08:29AM (#35260014)

Exactly

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Re:America’s banks are missing hundreds of billions of dollars by Mezzie on Wednesday March 22, 2023 @10:32AM (#35261614)

I'm a child of a bookkeeper with no econ training under my belt and I know about interest rate exposure and risk hedging. And there have been discussions since 2008 about how long QE and low interest rates could last, it's not like that was a new question.

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