What did SVB do that was shady and dumb? | Hacker News

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JamesBarney on March 12, 2023 | parent | context | favorite | on: Yellen says government will help SVB depositors bu...

What did SVB do that was shady and dumb?

JamesBarney on March 13, 2023 [–]

Looked into it further, they didn't really do anything shady, but they did fail to hedge their interest rate risk with swaps, which is dumb.

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