2 ms·
> They did not get greedy. They bought bonds they got some bonds which had an interest rate risk, in order to earn a higher interest. This is "greedy", but it
by chii 4y ago
> They did not get greedy. They bought bonds
they got some bonds which had an interest rate risk, in order to earn a higher interest. This is "greedy", but it would've been fine under normal circumstances, since they did not break any banking regulations.