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If you want to understand why SVB failed, feel free to read writeups in proper financial publications, like FT or Bloomberg, and please avoid "mainstream" sites
by concinds 4y ago
If you want to understand why SVB failed, feel free to read writeups in proper financial publications, like FT or Bloomberg, and please avoid "mainstream" sites by clueless journos with zero finance knowledge. This one is good: https://www.ft.com/content/0387e331-61b4-4848-9e50-04775b4c3fa7 https://www.ft.com/content/0387e331-61b4-4848-9e50-04775b4c3...
SVB didn't fail because of "FUD", but because of a dumb decision to invest at the top. SVB is squarely at fault here.
- shitlord 4y agoUnpaywalled: https://archive.is/xMscB https://archive.is/xMscB I'd like to see a post-mortem or some sort of regulatory investigation to understand how it all went wrong. SVB had a risk management department, so what compelled SVB to make the decision that sealed its fate?
- wpietri 4y agoThere can be more than one link in a causal chain. The broad problem was bank executive choices. But the urgent problem was a bank run caused in part by VCs telling everybody to take their money out.