> was at least partly due to something SVB was doing that wasn't terribly wise.\\\ A startup-focused bank probably shouldn't have been investing into 10Y, 20Y,

> was at least partly due to something SVB was doing that wasn't terribly wise.\\\ A startup-focused bank probably shouldn't have been investing into 10Y, 20Y, or 30Y US Treasuries, when their customers might only have 2 or 3 years worth of life in them. So yeah, there's a bit of stupidity here for sure. But its the kind of stupid that I can imagine a lot of banks making.