> This one, AFAICT, happened because the government greatly restricted what banks could do with their funds. One of the only options available in large volumes is a government instrument subject to risk from the Fed raising rates rapidly.
So the solution to just let banks do whatever they want? A bank that is prevented from taking excessively risky action becomes insolvent, and your answer is to allow them to take even more risk? The Fed has been signaling for a year that rates are going to keep rising, it is eminently predicable what that means to professionals in the industry. Hubris at its best. Have you even heard of Glass–Steagall, or have a basic understanding of the last 100 years of economic theory?
> I hope people only get put in prison for breaking actual laws. And if the SVB execs broke laws then yes, they should go to prison. But I haven't heard it alleged by anyone that they have.
A laughably naïve thing to say in more than a few ways.
tax brackets are rediscovered