top | item 35101295

(no title)

janee | 3 years ago

I don't think this is really comparable to 2008. Grossly simplified 2008 for me is more about bad debt, while this is around bad risk management...svb bought too many long term bonds which was a bad bet given current rates and an industry "correction" as you put it.

They just didn't manage the risk of a market "correction" and high interest rates. The tech sector was/is due a correction, but this isn't 2008

discuss

order

vecter|3 years ago

I agree, but I didn't mention anything about 2008 in my comment. Did you reply to the wrong comment by accident?

janee|3 years ago

Ah yeah, I was try to reply to op