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Let us hope that the bank did not "bet" and instead had a decision making process.

• caddemon 4y ago
  I mean objectively the bank bet that interest rates wouldn't go up, they took a massive unhedged position in exactly that. I hope the bank thought it was betting, because if they didn't realize they were betting on interest rates staying low then that is a shocking level of incompetence. They probably thought it was a safe bet, but it was a bet nonetheless with obvious risk if they were wrong.
  • beezle 4y ago
    By your definition any position that a bank takes is a "bet".