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Rudy Havenstein's avatar

Maybe the original sin was a decade of "front-end yields" being 0-25bps. Also, clearly, bank supervision is not a priority at the Fed.

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Ted Levi Toldman's avatar

I agree with you that sitting around and calling SVB "idiots" is extremely one-sided. I begin to involuntarily smile every time I think of the Fed's promises and what they have done, and if you take that into account, then SVB is understandable. It was interesting to read your article.

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