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by akritrime
1180 days ago
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While it's most probably true, I think putting all the blame on the greedy VCs seems to be ignoring an elephant in the room. When SVB made those investments in treasury bonds, everyone were busy pretending that inflation was 'transitory', from lowest to highest. The few voices warning about were considered to be overtly cautious. SVB's fall, while most probably just exposed existing faults in it's management, is also partly due to volatile policies. Ignoring that just makes it more likely we will see the same things happen again and again. |
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Polite way of saying 'straight up lies by the Fed'