anewshog.com on AWS
I am worried that my previous post may have been too favorable to bankers. Bankers are not universally loved. They have a reputation for foreclosing on decent people having a hard time financially, for not lending to anyone except those who don’t need a loan, and so on. Two movies that illustrate this are “It’s…
This article in The Economist magazine describes well what happened with Silicon Valley Bank and some other impending bank failures. It also describes the other side of the banking business, which is getting less attention today. The lesson of SVB is don’t borrow long term bonds to back up short term deposits. But SVB had…
