The FSL crisis was caused by wild-west deregulation, accounting practices which have since been banned, and resulted in a thousand convictions.

The crypto space is repeating all the same bullet points, except with more outright fraud, with less accounting, and without any convictions.

> The FSL crisis was caused by wild-west deregulation, accounting practices which have since been banned, and resulted in a thousand convictions.

I'm guessing you did not live through it: Like 2008, there were many causes. See eg the wiki: https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Causes

But you also missed the heart of the matter: Money that was lost in the US, despite it having a regulated banking system.

> was lost in the US, despite it having a regulated banking system

This is a straw man. Nobody claimed nobody in a regulated system ever loses money.

> Nobody claimed nobody in a regulated system ever loses money.

Only if you read the above questions literally and miss his meaning:

> Into a mess for who? Depositors?

> Could you summarize how much money depositors across the entire United States lost to bank busts over the past, say 40 years?

The S&L crisis was a “crisis” because non-bank S&Ls lost money in a way depositors haven’t. You have still not pointed to a single American depositor losing money since 1982, though I’d extend that to the post-War era.