After I posted I remembered I knew that, yea that definitely helped! But some of the fault is on the banks as well for not managing interest rate risks well. As

After I posted I remembered I knew that, yea that definitely helped! But some of the fault is on the banks as well for not managing interest rate risks well. As Matt Levine pointed out, they haven't had to worry for a decade! SVB's liabilities were also highly concentrated among large uninsured by FDIC accounts that all moved in tandem which didn't help anything.