from Hacker News

Ask HN: Why aren’t we trolling bankers for screwing up SVB?

by trifit on 3/13/23, 9:37 AM with 3 comments

• by GianFabien on 3/13/23, 11:27 AM

  SVB didn't have a risk management person for most of 2022. The board didn't worry? Looks pretty laissez-faire to me.

  SVB is merely the first casualty of the near zero interest rates post COVID. Consider SilverGate, Signature Bank and First Republic Bank. And it's only Monday morning ...

• by Lionga on 3/13/23, 9:44 AM

  Bankers are the smart ones. FED/Treasury gives you unlimited insurance for free so the smartest thing to do is make the riskiest bets.

  If you win you win, if you fail FED is coming in to pay.

  We should be trolling tax payers.

• by neximo64 on 3/13/23, 9:47 AM

  Troll the basel III committee for making risk weighted assets on long term mortgage backed securities practically 0.