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It says some people are blaming the Fed's interest rate hikes. Should the Fed adjust the people's monetary policy to help some bankers? SVB couldn't, and isn't
by wolverine876 4y ago
It says some people are blaming the Fed's interest rate hikes. Should the Fed adjust the people's monetary policy to help some bankers?
SVB couldn't, and isn't responsible for, anticipating interest rate changes (who could have seen those hikes coming? /s) and managing the risk? What else are they paid to do?
- gnicholas 4y agoOther banks saw the hikes coming (and plenty of regular people did too), and bought insurance hedges. SVB was relatively unique in not doing so.
- ROTMetro 4y agoIf only there was some sort of 'insurance' to hedge against this that the bank could have availed themselves of.
- paulddraper 4y agoI mean, it must be hard to work in an industry subject to the whims of a single organization.
- p0pcult 4y agoEspecially if you don't have a risk management team.