[airstrike]

Reading the tea leaves in comments and general reaction elsewhere, I think this tale will have the unfortunate side-effect of people jumping to the wrong conclusion that SVB is getting slaughtered because of defaults in VC debt when in reality this appears to be attributable to poor asset management on the bank's fault by buying into mortgage-backed securities and being long duration in a rising interest rate environment

It's like everyone reads "tech layoffs" in one news article an then "VC bank default", conclude everything one is directly causing the other and there's a new dotcom crash