John Gruber writing about the SVB …

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.