https://news.ycombinator.com/item?id=35112295 https://news.ycombinator.com/item?id=35112295 talked about how SVB was one of a very few banks whose staff underst

https://news.ycombinator.com/item?id=35112295 https://news.ycombinator.com/item?id=35112295 talked about how SVB was one of a very few banks whose staff understood startup problems. And they didn’t fail because of bad loans to customers! Instead they had too many deposits locked into long term bonds, interest rates spiked, and some customers panicked.