[Ataraxic]

> The issue wasn’t that SVB couldn’t foresee higher interest rates.

Becoming insolvent because the rates reached ~5% when history has had far greater rates is in fact an issue for SVB. https://tradingeconomics.com/united-states/interest-rate

The federal reserve has dual mandates for both full employment and to have stable inflation. These mandates are in many ways opposed to each other. Putting the blame on the fed in hindsight is always easy, but unlike an institution with such a mandate SVB failed at one of the most fundamental parts of being a bank.