3 ms·
> But in the end, even if we could argue that SVB should have been more prescient, it is clear that the root cause of the problems is the actions of the governm
by juve1996 4y ago
> But in the end, even if we could argue that SVB should have been more prescient, it is clear that the root cause of the problems is the actions of the government and the FED.
The fact that many other banks were prescient disproves this point handily.
- yunwal 4y agoThis is obviously also stupid, but no other bank has the vast majority of their clientele clued into a single group chat discussion