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Each of those bank failures taken individually did not cause the other banks to fail. They each failed due to their own issues in isolation. Thus it may be inco

Each of those bank failures taken individually did not cause the other banks to fail. They each failed due to their own issues in isolation. Thus it may be incorrect to say that there is a contagion.

mejutoco 3y ago
One could claim the contagion was the erosion of trust in smaller banks.
- bhaak 3y ago
  Credit Suisse was not a smaller bank until they fucked up pretty hard to become one and then failed completely.
  - qwytw 3y ago
    Credit Suisse was not that related to the others. It was an investment bank first and foremost.
HPsquared 3y ago
Exactly.. It's less a cascading failure, more a common-mode failure.
roflyear 3y ago
But how can you say events are unrelated when they happened close to each other /s