from Balaji | by Balaji

Investors who make risky investments shouldn’t get bailouts. But depositors who make routine deposits should be able to get their cash out.

Many people seem to (implicitly) think SVB must have been doing some kind of atypical tech gambling. But most other banks *also* have unrealized losses. Because, like SVB, they trusted the Fed’s guidance and bought what is marketed as the safest thing you can buy: US Treasurys.… t.co/QdjAmGlsj9 t.co/s0yQlz7hjp