[yunwal]

> This is not at all about risky investments

Please stop repeating this. It is 100% about risky investments. https://www.theguardian.com/business/2023/mar/11/silicon-val...

Also, if your entire clientbase is in a single groupchat, you should be much more prepared for a bank run. This is like common-sense stuff. The fact that this is a bad business model isn't really my concern.

> The bank managers and investors are not being bailed out -- they have already lost everything.

The bank managers will walk away having earned millions of dollars in salary and bonuses, funded by risky bets, and the investors will walk away without bearing the consequences of the risks SVB took. Their investments in SVB went to zero, but there's still money that's been lost.

[fisherjeff]

It is not at all about risky investments! It’s about poorly managing risk, which is entirely different. The underlying instruments are among the lowest-risk securities on the planet, the risk that killed SVB was in the investment strategy.

[yunwal]

You can call it whatever you want. They lobbied to not be subject to liquidity stress tests, and then didn’t have liquid assets when customers came looking for their money. That was risky. They could have invested in shorter term contracts but they didn’t.