Inside Story of SVB Repeating the Same Mistakes

The former chair of the FDIC, Bill Isaac, discusses the current banking crisis in an interview. He compares it to a similar crisis in the 1980s involving the First Pennsylvania Bank, which made a big bet on interest rates that did not pay off. Isaac questions why banks like SVB would repeat the same mistake and why they should be bailed out. He expresses concern about the government's response, saying that while it may be necessary to protect depositors, it could be seen as a bailout and an overreaction. He also expresses confidence in the majority of banks and the regulators overseeing them.

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[jschenkyou]

I guess we haven't learned from history, and surprisingly repeating it.