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People holding large fixed rate loans are extremely unlikely to refinance, and are likely to weather inflation and rising interest rates pretty well.

It’s almost as good as buying bonds! No one’s gone broke doing that, right?

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Perhaps I wasn't clear. With the rising inflation and interest rates and deteriorating economy people lose their jobs and can't pay their mortgage. My point, and why I thought the line was funny in that article, is that the way SVB failed isn't the only way that banks can fail. Moreover, Tech is currently in a massive round of layoffs and if this spreads to the general economy (which I think it will) then holding large loan balances could become a problem for the banks.

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