Exactly - they failed due to one of the most widely predicted trends. Literally ... | Hacker News

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		q1w2 on March 10, 2023 \| parent \| context \| favorite \| on: FDIC Takes over Silicon Valley Bank Exactly - they failed due to one of the most widely predicted trends. Literally everyone knew interest rates would go up. They absolutely deserved to fail. The government allowing them to fail is actually a sign of the system working.

alfalfasprout on March 11, 2023 [–]

Not even predicted trends... even when the fed said specifically they would raise rates they still didn't start selling their securities. Every. Single. Time. Nothing.

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