Comment by thallium205 | Hacker News Reader

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Comment by thallium205 | Hacker News Reader

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Damn bank executives buying risky treasury bonds! Arrest them! /s

poor me I'm just a lil smol bean executive who didn't understand why the other banks didn't take the same risks and I didn't want to ask either.

Other banks did take similar risks. Why do you think the fed setup a facility large enough to serve the entire country to prop them up?

The only risk is trying operate in a broken banking system.

Case in point: First Republic Bank needed a $70B loan this morning to not go the way of SVB.

$640B with of other banks did this too.

https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/i...

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