What's Happened to Silicon Valley Bank?

Silicon Valley Bank executives were told in 2020 they need to go into shorter duration bonds. Management said now we don't want to hedge we prefer the profits you know which is as many of your viewers probably know that's just classicYou know picking up nickels in front of a steamroller only the thing is is these executives got bonuses based on off the cash profits even though that's not really a profit. Almost no other regional bank is like that I mean you have first republic but they about 65 percent of first republics deposits were uninsured 90 to 95 percent of signature and Silicon Valley banks were uninsured.