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Edit - this has been the first fdic takeover since 2020, so no, it does not happen often. This chart of historic bank failures paints a different picture: htt

Edit - this has been the first fdic takeover since 2020, so no, it does not happen often. This chart of historic bank failures paints a different picture: https://www.fdic.gov/bank/historical/bank/ https://www.fdic.gov/bank/historical/bank/

ezekg 4y ago
And this chart paints an even different picture: https://twitter.com/alistairmbarr/status/1634275645235793920 https://twitter.com/alistairmbarr/status/1634275645235793920
- kmlx 4y ago
  lehman brothers had total assets of $639B when it filed for bankruptcy on September 15, 2008. adjusted for inflation that's ~$800B.
  - scythe 4y ago
    Lehman was an investment bank — they didn't take deposits. Wikipedia describes them as a "financial services firm".
- TaylorAlexander 4y ago
  Is total assets a useful measure here? I would be more interested in a chart that showed budgetary shortfalls. It sounds like SVB is only short about 10% of total assets if I am remembering what I read earlier this morning.
  - paulddraper 4y ago
    No one really knows. And banks usually aren't crazy amounts short. But they're short enough to got under.
cableshaft 4y ago
Almost all of those are during The Great Recession or the aftermath of it, so I think it's not that crazy of a claim to make. Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession.
- dragonwriter 4y ago
  > Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession. That's a giant assumption.
  - cableshaft 4y ago
    It is. It's also a prediction that a lot of executives and CEO's and pundits and politicians and bank managers are marking right now. I'm not claiming it's definitely going to happen, but if it is about to happen, we can expect to see a lot more of these failures to start happening, based on that graph. I didn't realize there were that many bank failures during the Great Recession myself. I thought it was only a handful, just a few high profile ones.

ezekg 4y ago

And this chart paints an even different picture: https://twitter.com/alistairmbarr/status/1634275645235793920 https://twitter.com/alistairmbarr/status/1634275645235793920

kmlx 4y ago
lehman brothers had total assets of $639B when it filed for bankruptcy on September 15, 2008. adjusted for inflation that's ~$800B.
- scythe 4y ago
  Lehman was an investment bank — they didn't take deposits. Wikipedia describes them as a "financial services firm".
TaylorAlexander 4y ago
Is total assets a useful measure here? I would be more interested in a chart that showed budgetary shortfalls. It sounds like SVB is only short about 10% of total assets if I am remembering what I read earlier this morning.
- paulddraper 4y ago
  No one really knows. And banks usually aren't crazy amounts short. But they're short enough to got under.

cableshaft 4y ago

Almost all of those are during The Great Recession or the aftermath of it, so I think it's not that crazy of a claim to make. Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession.

dragonwriter 4y ago
> Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession. That's a giant assumption.
- cableshaft 4y ago
  It is. It's also a prediction that a lot of executives and CEO's and pundits and politicians and bank managers are marking right now. I'm not claiming it's definitely going to happen, but if it is about to happen, we can expect to see a lot more of these failures to start happening, based on that graph. I didn't realize there were that many bank failures during the Great Recession myself. I thought it was only a handful, just a few high profile ones.