> consolidated market share, True, BOC, JPM, Wells Fargo etc. > and gotten more and more regulations rolled back False, besides scaling back Dodd Frank pleas

> consolidated market share, True, BOC, JPM, Wells Fargo etc. > and gotten more and more regulations rolled back False, besides scaling back Dodd Frank please name 2 regulations removed from consumer investment banking or credit or mortgages. Investment banking isn't what it was in the recent wild west days. Goldman Sachs fell from grace and stuff isn't fast and loose. Its not even cool anymore, investments are risk profile managed algorithmic ETFs. Its a well regulated industry, albeit better regulated in 2010 than now, but better than 2005. I'm sure there all kinds of shady things in IPOs and SPACs and private equity debt but that does not represent the greater consumer exposure public market. Also, letting all large banks fold in 2008 would have been bonkers. There would not be a viable replacement in time to stop an all out dark ages. Those banks paid back loans plus interest in full. It was a systemic failure and Ben Bernanke stopped a depression and the system was improved instead of failing. Was is fair that wallstreet gets money from the Fed to stay afloat while people lost their homes? Not whatsoever, completely unfair. More could have been done to help out common people like we had in covid relief. But it was still the correct thing to do to keep the lights on. And the recovery period with QE was the longest stretch of growth thanks to the sugar rush of 0-interest debt that will play out to not be the best idea. Anyway, I wasn't taking a shot at SVB leadership inferring they are naive startups. I'm saying that much of the SP500 are revenue generating profitable companies that do use debt but don't need recurring 20M funding rounds to make payroll. Startups are by and large not a good representation of the greater economy because they are supposed to represent new ideas. The banks customers are totally a risk and cash intensive with no physical capital. That is not representative of the economy. That's all I'm trying to get at. The parent comment to mine is pretty doom & gloom and making ill founded parallels to 2008 and saying this will be even worse. I don't see how that follows. It does not make sense. We're entering a recession but that doesn't mean complete implosion. There are a billion things I don't understand about the greater economy and globalization but I want to call out poorly formulated assertions because the narrative above is based in facts. Especially on this site where people give credence to web3 nonsense and trying to pose solutions financial problems that don't exist. Its a not good situation and concerning. But I think there needs to be compartmentalization to understand what else is at stake.