[hnfong]

> A bank should keep the money secure. Anything >0% loss is unacceptable.

You're wrong about this part at least. Borrowing short and lending long is what banks do (among other things). The alternative is either:

- banks asking for 10+ year time deposits to match your 10+ year mortgages , or

- banks only willing to do mortgages that are < 1 year

The risks can be managed somewhat, and SVB *definitely* were too greedy (and stupid), but you're mistaken if you think the other banks are qualitatively different than SVB in their exposures to interest rate risks...

That's why most bank's stocks are down. Most people don't think they will fail, but recent events do highlight that they have a bunch of long term securities that lost value.