The link is that the investments went down in value and so the bank couldn’t sell enough of them when they suddenly needed a lot of money to pay out deposits.

The link is that the investments went down in value and so the bank couldn’t sell enough of them when they suddenly needed a lot of money to pay out deposits. I agree it’s peculiar to phrase it as the government is to blame. Except perhaps to the degree that the government in 2018 relaxed risk test requirements that would otherwise have included SVB, those requirements were originally set after and in response to the 2008 collapse. But ultimately the blame lies with the bank executives.