Wow, is this common? From a systems perspective it seems like pure folly, increa... | Hacker News

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

Wow, is this common? From a systems perspective it seems like pure folly, increasing systemic risk and reducing resilience. (from SVB’s perspective I’m sure it seemed great …) it feels like it should be illegal !

roflyear on March 11, 2023 [–]

I asked a handful of people with experience in those things and they all said it is very common. I was very surprised as well.

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