Silicon Valley Bank's Mismanagement of Their Portfolio

The crisis that we're going through today is not the kind of crisis that China would experience because China has made money and credit and banking a public utility. But in the United States, it's all privatized and part of the subject to the balance sheet constraints: what do you do if interest rates go up? We've got to get really stupid people in charge of the Federal Reserve who don't realize that the banks are insolvent.