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hamhead t1_jcm2qkq wrote

Reply to comment by ScottEATF in SVB blames remote work for bank failure by Loud_Adagio2222

>SVB failed because of investment decisions that would have had to have been helmed by the absolute highest level of management.

They included executives and management being spread out as one of the problems...

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BowzersMom t1_jcosoop wrote

Was not sharing physical space really the reason they put a full half of their investments in long-term bonds?

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hamhead t1_jcosrzr wrote

Hell if I know. I’m just saying they’re not just saying poor decisions were the fault of simple workers working from home.

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BowzersMom t1_jcotgyj wrote

Hun, they’re making up excuses. But it doesn’t matter because they’re all out of a job now! (Or will be when the fed finishes selling off all their assets and winding them down).

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