In which case we should not blame the illiquid event because it is eventual as the bank was insolvent ever since the feds hiked rates. You are assuming that th

In which case we should not blame the illiquid event because it is eventual as the bank was insolvent ever since the feds hiked rates. You are assuming that the rates got hiked, and never again will fall. Had the rates fallen in a year, then they would have no longer been insolvent. And could have recovered. Indeed once they got stuck, they would have had every incentive to hunker down and pray for that outcome.