Silicon Valley Bank Was a Fixed Income Hedge Fund Masquerading as a Bank

And the US regulators have a lot to answer to. They incentivized SVB’s reckless behavior by deeming many bonds “low-risk” and eliminated reserve requirements during Covid, ensuring SVB had little cash to pay depositors. Of course, government will point the blame elsewhere.

https://www.zerohedge.com/markets/silicon-valley-bank-followed-exactly-what-regulation-recommended

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