A lot of us took out 3% mortgages and avoided working at startups offering 400k to build some vaguely defined "democratization of finance" product. No one said

A lot of us took out 3% mortgages and avoided working at startups offering 400k to build some vaguely defined "democratization of finance" product. No one said SVB is going to be insolvent on 3/10, but lots of people thought SV and investors were making bad decisions in general over the past several years. SVB is a victim of its own culture. You would never be hired as an exec at SVB is you said "Lets keep all these deposits in 1-month Tbills and cash since most of these startups are garbage and are going to need to take withdrawals within a couple years."