What Silicon Valley Bank’s Implosion Means for You

My take on the failure of Silicon Valley Bank and how this is connected to the Fed’s war on inflation.
Robert Reich
I’m trying to figure out why the Fed, which not only sets interest rates but also regulates banks, didn’t see this coming. If you raise interest rates, bond prices fall, duh. So any bank that holds its money in bonds will suffer losses if at the same time big depositors (like Silicon Valley startups) need to take their money out (in this case because VC funding is drying up).