Re:America’s banks are missing hundreds of billions of dollars
by polygamous_bat on Wednesday March 22, 2023 @08:58AM
(#35260292)
> Blaming the government is a cop out. The job of finance professionals is to manage the assets in their custody responsibly.
Somehow I feel that blaming the government is much more than a cop-out; it's a calculated position that enables the big players to continue privatizing the wins and socializing the losses. "Of course we are getting a bailout", the narrative goes, "cause it was the big government's fault all along!"
Re:America’s banks are missing hundreds of billions of dollars
by Spooky23 on Wednesday March 22, 2023 @09:41AM
(#35260860)
Of course. Outside of academia and some law schools, there’s no real conservatives. These guys will cry and whine for bailouts, cash the check and start crying and whining about government meddling.
Rate risk is a key feature to buying any bond, and it’s a risk that is manageable if management isn’t asleep at the switch. Nobody forced SVB to buy long duration bonds. Any investor with a moderate level of expertise understands that, and you’d have to be pretty green to not expect rate increases from the all time lows.
Blaming the government is a cop out. The job of finance professionals is to manage the assets in their custody responsibly.