Banks often do this, trade short term risk for long term and pocket the difference. It seems SVB didn't account for the fact that there was a strong correlatio

Banks often do this, trade short term risk for long term and pocket the difference. It seems SVB didn't account for the fact that there was a strong correlation between the source of their money (tech propped up by low rates) and their investment risk (bonds/loans propped up by low rates). I'm honestly unsure if we can ascribe this to to incompetence or greed.