joelhamill
joelhamill

John Gruber writing about the SVB closure

To say this is shocking is an understatement. This just shouldn’t happen to a bank.

Really? Why shouldn’t this happen to a bank?

People make bad investment choices and banks are run by people.

From Vox

The longest stretch in US history without a bank failure was from 2004 to 2007, and, well, you know what happened after that.

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In reply to
joelhamill
joelhamill

Really interesting to see that Gruber wrote almost nothing about Lehman Brothers when it collapsed. At least, there's no specific post mentioning Lehman found through the site search at Daring Fireball.

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