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A more charitable interpretation of what the OP is saying: the execs may not have anticipated how fast the shit would hit the fan. I doubt they believed there w
by eloff 4y ago
A more charitable interpretation of what the OP is saying: the execs may not have anticipated how fast the shit would hit the fan. I doubt they believed there would be a run on the bank this month, not even the short sellers were predicting that. They did know they were in trouble, but I think everyone, even those being against SVB, was surprised by the speed and ferocity with which this played out.
- adhesive_wombat 4y agoYou might be validly surprised by the short time between "uh.." and a full-on run, but the run itself is no more ferocious than people responsible for avoiding one should have been thinking of. It's like a airline blaming the ground for being unexpectedly hard and the crash happening so soon and it's not their fault why there were no survivors and not because of the deferred maintenance of the aircraft under a loophole in the FAA regulations.