Is it possible that this piece is trying to blame analysis and journalism for this run on SVB? HUH!!!? They were criminally STUPID in their management of their portfolio in leaving their interest rate risk unhedged and having cash locked up long term and it’s the INTERNET’s fault that there’s a run on the bank? 🤦🏻♀️ Make it make sense.
Is it possible that this piece is trying to blame analysis and journalism for this run on SVB? HUH!!!? They were criminally STUPID in their management of their portfolio in leaving their interest rate risk unhedged and having cash locked up long term and it’s the INTERNET’s fault that there’s a run on the bank? 🤦🏻♀️ Make it make sense.
I agree. The author is misplacing blame on social media and suggesting the solution is some sort of ‘control’ scheme that must be imposed on social media. Newsflash, bank runs have been around since way before social media.
Is it possible that this piece is trying to blame analysis and journalism for this run on SVB? HUH!!!? They were criminally STUPID in their management of their portfolio in leaving their interest rate risk unhedged and having cash locked up long term and it’s the INTERNET’s fault that there’s a run on the bank? 🤦🏻♀️ Make it make sense.
I agree. The author is misplacing blame on social media and suggesting the solution is some sort of ‘control’ scheme that must be imposed on social media. Newsflash, bank runs have been around since way before social media.
But, but, but bank runs are so much easier now!!!!! So-o-o-ooomething should be do-o-o-one!!! This is how we get digital currency.
And if you think it's bad now...