Banking looks easy till there's the regular credit crunch. In the last credit bubble that ended in 2008 there were lots of disruptors. However, when there's a

Banking looks easy till there's the regular credit crunch. In the last credit bubble that ended in 2008 there were lots of disruptors. However, when there's a crash, who gets saved is a matter of politics. In the last crash, Lehman got sacrificed[1]. Meanwhile, Goldman got it's credit default swaps paid out 100 cents on the dollar when AIG failed by the grace of the federal government.[2] Many of the disruptors crashed and burned though. [1]https://dealbreaker.com/2018/09/hank-paulson-killed-lehman-brothers-cause-karmas-a-bitch https://dealbreaker.com/2018/09/hank-paulson-killed-lehman-b... [2]https://wallstreetonparade.com/2021/08/meet-the-two-congressmen-who-facilitated-todays-derivatives-nightmare-at-wall-streets-mega-banks/ https://wallstreetonparade.com/2021/08/meet-the-two-congress...