3 ms·
So basically, a ton of more failures in teh past, now it's slowed down but we are losing our stuff over it?
by EGreg 4y ago
So basically, a ton of more failures in teh past, now it's slowed down but we are losing our stuff over it?
- rout39574 4y agoI'd say, "Our few failures now, which we think of as plausibly just the leading edge, are already comparable in size to the _entire_ 2008 cascade." Losing stuff now seems... premature, but not insane.
- haldujai 4y agoThis is not even remotely close to 2008… This figure conveniently excludes the largest 6 failures of 2008, TARP, and major international banks and insurers simultaneously affected. As a reference the prospect of AIG failing without a bailout was so significant it became an international issue threatening both US and EU economic stability. SVB and FNB are borderline irrelevant in comparison. The amounts reflected in SVB and FNB are also exaggerated as the money isn’t “lost” as if parent can obtain liquidity elsewhere (via government or merger) the asset will return principal + interest at maturity.