The narrative that Sillicon Valley has been pushing on #SVB is demolished by this graph, which shows enormous moral hazard (entirely unhedged interest rate risk), out of step with any other bank.
RT @AndreasSteno: SVB is/was not like the others because a prudent bank hedges interest rate risks. SVB did not.

Chart from JPAM / Michael Cembalest

🐦🔗: https://n.respublicae.eu/lugaricano/status/1634831794636726273