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Big banks are better risk hedged! In this case because the government requires them to be as a result of post-2008 laws. SVB lobbied successfully to get the bur
by HWR_14 4y ago
Big banks are better risk hedged! In this case because the government requires them to be as a result of post-2008 laws. SVB lobbied successfully to get the burden for complying with those regulations not to apply to small under 250-billion dollar banks when coincidentally they were just under that number a few years ago.
- JumpCrisscross 4y ago> SVB lobbied successfully to get the burden for complying with those regulations not to apply to small under 250-billion dollar banks when coincidentally they were just under that number a few years ago To be clear, the rules they lobbied out of wouldn’t have forced them to hedge. They would have drawn attention to the problem much earlier.