> The lesson here is sudden interest rate increases can cause bank failures. This was a mostly unknown unknown. What? It's only unknown if all you know about f

> The lesson here is sudden interest rate increases can cause bank failures. This was a mostly unknown unknown. What? It's only unknown if all you know about financial crises are from 2008. A google search on "borrowing short and lending long" gives this in the first page: http://www.bondeconomics.com/2015/09/banks-borrowing-short-and-lending-long.html http://www.bondeconomics.com/2015/09/banks-borrowing-short-a...