, Columnist
SVB’s Clients Forgot That Banks Can Fail
Short memories can lead to risky behaviors.
Remembering is hard.
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Let’s say in 2008, you go to Cancun for vacation. The first day is perfection. But the next morning, everything hurts. Your thighs are the color of shrimp tails. The top of your nose feels laminated. The rest of your trip is spent underneath a palapa, where you vow to never forget sunscreen again.