silicon valley bank collapse: Opinion | Silicon Valley Bank’s collapse makes everyone look terrible: The New York Times
Over the past week, an observation by Matt Klein, a financial journalist, has gotten passed around quite a bit. "This was more a case of a 'bank-run by idiots' rather than a 'bank run by idiots'," he wrote, referring to the collapse of Silicon Valley Bank.But why choose? Everyone involved in this looks terrible. Regulators did nothing, even though Silicon Valley Bank's woes had been widely noticed. Bank managers failed at the basic work of hedging against the risk of interest rates rising. Midsize banks, including Silicon…