The CEO of Silicon Valley Bank, Gregory Becker

The CEO of Silicon Valley Bank said the bank should have hedged its interest rate exposure. John Avlon: This is banking 101, and for him to do something that's stupid is pretty hard to believe. He says there could be conspiracy theorists who think it was a bad move on his boss' part. Avlon: The whole thing reminds me of FTX when an investor tweeted about tanking everything before he actually did so.