>Of course the flaw in this story is that the interest rate risk should have been hedged, and it wasn’t. Oh, so the thing that could have prevented the bank fr

>Of course the flaw in this story is that the interest rate risk should have been hedged, and it wasn’t. Oh, so the thing that could have prevented the bank from failing (but, unsurprisingly, costs them money to do), didn't happen? But it's the governments fault?