Silvergate's Making a Big Mistake With Asset Liability Matching, Right?

It's not clearly some smoking gun that says there was intense political pressure being put on the FHLB or anything like that. Just it's hard to know about the very nature of what sort of powers bank and bank regulators have. It's pretty clear that Silvergate had made a decently big mistake with regard to how they were managing their balance sheet. So I think there's at least a plausible argument from the regulatory perspective that, oh, no, this thing's in real trouble and probably going to die.