> And lastly, insiders had to know that the fed’s projected rate hikes would hit the bond portfolio hard. I knew this, and I’m not an insider. The problem with

> And lastly, insiders had to know that the fed’s projected rate hikes would hit the bond portfolio hard. I knew this, and I’m not an insider. The problem with this, is that they presumably didn't work to protect their interests, or their customer's interests, by hedging appropriately. There were months in April or May where they could have sold their long-term bonds and bought short-term bonds, to better hedge against FFR hikes. ----------- What we're concerned about are executives protecting themselves, while screwing over their companies and/or depositors.