I dont see the connection here. SVB failed because they dumped most of their liquidity into 10 year bonds before the Fed started hiking rates, essentially lock

I dont see the connection here. SVB failed because they dumped most of their liquidity into 10 year bonds before the Fed started hiking rates, essentially locking in those assets for 10 years. No company would buy a bond for next to no interest when a new bond can be had at 5% now. They failed to diversify and that seems a top level decision that has nothing to do with WFH. Additionally a lot of their depositors were companies with accounts well over the FDIC insurance. Arguably the werent a consumer bank and the repeal of Glass-Steagall allowed them to act like they were when it suited them, and act like an investment bank when it simiarly suited them. Arguably this would be an example of why repealing GS was bad, from my very limited understanding. And the whole WFH seems a red herring at best to try and avoid any actual accountability for the real decisions that led to its run and collapse.