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The lesson is to mitigate this risk with insurance, account structures and other things. I think the lesson is also don’t bank with banks doing shady, dumb thi
by prepend 4y ago
The lesson is to mitigate this risk with insurance, account structures and other things.
I think the lesson is also don’t bank with banks doing shady, dumb things. And that’s a valuable lesson that people with over $250k should already know and not need to be taught.
- JamesBarney 4y agoWhat did SVB do that was shady and dumb?
- deleted 4y ago[deleted]
- JamesBarney 4y agoLooked into it further, they didn't really do anything shady, but they did fail to hedge their interest rate risk with swaps, which is dumb.