[mxkopy]

> Congress are cowards and won’t do what should be done - raise taxes.

They're still cowards for not doing it but what should've been done is an increase in interest rates half a decade ago.

[lazide]

The fed tried - and the chairman almost got fired for it. Remember?

[https://www.cnbc.com/amp/2018/12/22/trump-reportedly-wants-t...]

Almost 5 years ago exactly.

[asimpletune]

Yeah it's crazy bc everyone's talking like it's just the rise in rates that's to blame for the asset/deposit mismatch, but really it was the 0% interest rates that came before that really did it. It was during that time that SVB had a lot of extra deposits, but no short term way to back it, since short term t-bills were paying practically 0% interest.