[rvz]

This is total 'whataboutism'. This bank failure is the second largest of all time in the US, and has a potential massive contagion with lots of ripple effects through the tech industry.

This "Not just SVB" and "There have been 562 other bank failures before" deflection doesn't help those affected.

[froglets]

Is it just the tech industry though? It sounds like they invested too much of their deposits in mortgage backed securities, which doesn’t really have to do with tech?

[marginalia_nu]

I think 'whataboutism' only really makes sense in accusations of moral error.

You can accuse the financial sector of many moral errors, but I don't think SVB would intentionally fail.