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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (15522)	3/13/2023 12:30:39 AM
From: Rarebird	Read Replies (2) \| Respond to of 26710

The big job involved was to understand that increasing cash reserves was the prudent thing to do in a rising rate environment. The CEO or any major executive at SIVB should have been aware of that. Sounds to me like all the top executives carried on business as usual, oblivious of the risk involved. I know the money center banks and credit card companies have increased their cash reserves quite significantly over the past year and I am sure some regional banks have done the same. If a person doesn't know how to manage money and risk, they eventually lose their money. Ditto for public companies. Moreover, I don't see Allstate or any other professional insurance company going insolvent or bankrupt when a hurricane hits and they have to make big payouts.