thegayngler t1_jckr8l2 wrote on March 17, 2023 at 3:27 PM

We shouldnt be listening to anything a failed bank has to say about their failure. Its just them trying to save face instead of just owning up to their own failures. They had a bad investment strategy or an investment strategy that didnt work. Its that simple. That has nothing to do with “IT” or WFH.

work_hau_ab OP t1_jckrips wrote on March 17, 2023 at 3:29 PM

Totally. The entire reason I posted it is because its absolutely ridiculous. Everyone ignores bad decisions and blames it on remote work, wokeness, etc.

SomeGuyNamedPaul t1_jckxx7c wrote on March 17, 2023 at 4:10 PM

It's more like bad things happen and people blame it on whatever peeve is irking them. It's what happens when your investigation already has a conclusion and just needs you to fill in the rest to suit your wants.

just_nobodys_opinion t1_jcppxg5 wrote on March 18, 2023 at 4:36 PM

Should have gone in r/facepalm?

CactusCurmudgeon t1_jcksnsz wrote on March 17, 2023 at 3:37 PM

Seriously. I work remotely for a bank and we're doing just fine.

[deleted] t1_jckybgy wrote on March 17, 2023 at 4:13 PM

They didn't have a bad strategy. Interest rates and Peter Thiel's VC triggering a bank run is what killed SVB.

Their strategy was so normal and common that any bank could end up in the same way if the same factors are aligned.