Silicon Valley Bank was an outlier with respect to risk. https://johnhcochrane.blogspot.com/2023/03/silicon-valley-bank-blinders.html https://johnhcochrane.blo

Silicon Valley Bank was an outlier with respect to risk. https://johnhcochrane.blogspot.com/2023/03/silicon-valley-bank-blinders.html https://johnhcochrane.blogspot.com/2023/03/silicon-valley-ba... The CEO pushed to ease regulations, and the lack of regulations led to this over-indexing in risk that was clear as daylight. But no one cared because they helped out startups, everyone knew the CEO personally, the VCs had relationships with the banks, etc. Saying that "no one could see that coming" was wrong. Now the crybaby VCs THAT ACTUALLY CAUSED THIS PANIC IN THE FIRST PLACE get their way by preserving their investments, but hopefully the stark hypocrisy of Biden, first saying that millionaires "need to pay their fair share" and then immediately turning around and bailing his Silicon Valley VC buddies out, will be brought up time and time again during the election cycle.