4min chapter

Macro N Cheese cover image

Left of Boom with Bill Black

Macro N Cheese

CHAPTER

The Asymmetrical Risk of Interest Rate Risk

"We don't want banks to take significant interest rate risk. Why? Because the risk and return are asymmetrical from the standpoint of the government," he says. "If they win their bet, Silicon Valley bank gets $100 million more maybe." And if they lose their bet, well, they bet the bank,. The whole $200 plus billion bank goes in salt. But this is deeply asymmetrical. So should we allow this bet? No. Hell no".

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