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AwTickStick t1_jc6dst1 wrote

That’s a required position at many banks. This isn’t the gotcha you think it is.

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Rosebunse t1_jc6emh9 wrote

I think the problem is if this position wasn't filled until then

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AwTickStick t1_jc6fm11 wrote

I didn’t read about a gap in the position. Maybe I missed it.

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Rosebunse t1_jc6lpnu wrote

Yeah, it looks like the real problem here is that these smaller banks basically were making very risky investments and didn't always have the people in place who might actually help the situation.

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AwTickStick t1_jc6udhq wrote

I still haven’t found the gap you’re referring to regarding this position. This isn’t the risk assessment department, though I’m sure they work together. The problem your highlighting doesn’t directly correlate with the job position being discussed from everything I’ve seen so far.

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ValyrianJedi t1_jc81mdx wrote

I definitely wouldn't call treasury bonds a risky investment

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Rosebunse t1_jc83buo wrote

I guess that depends on how much money you have invested.

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ValyrianJedi t1_jc83vjl wrote

Treasury bonds are quite literally considered to be one of, if not the, absolute safest investments in existence. It's literally guaranteed returns... If somebody put every penny that they had in treasury bonds 99% of financial advisors would tell them they are being too risk averse.

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Rosebunse t1_jc84cgs wrote

That would be considered a risk. Unless you're really old, then you are just leaving money sitting on the table. And I'm not sure this was the only thing that happened with this bank.

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ValyrianJedi t1_jc84qcm wrote

That isn't what risk means. "You aren't getting the biggest returns possible on this money" isn't financial risk.

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