But they didn’t have to buy THOSE bonds. They bought the wrong bonds. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

yeahsure22 on March 10, 2023 | parent | context | favorite | on: FDIC Takes over Silicon Valley Bank

But they didn’t have to buy THOSE bonds. They bought the wrong bonds.

themitigating on March 10, 2023 [–]

Did they know they were buying the wrong bonds?

nairboon on March 10, 2023 | | [–]

Of course, they are bankers, bonds are their daily business.

MrMan on March 10, 2023 | | [–]

I think maybe they are not very good at running a bank.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact