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A comment on What does Silicon Valley Bank’s collapse mean for the financial system?. Parent comment
SVB is a relatively meaningless bank that can go under with very few knock on effects to the banking system.
Lehman was atop 4 or 5 player in the financial space when it went under and. A major pillar that propped up the system.
The two are so completely different in their importance.
Asset size does very little to show this though so I understand why at a first order look one might get the idea that they are comparable.
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SVB is a relatively meaningless bank that can go under with very few knock on effects to the banking system.
Lehman was atop 4 or 5 player in the financial space when it went under and. A major pillar that propped up the system.
The two are so completely different in their importance.
Asset size does very little to show this though so I understand why at a first order look one might get the idea that they are comparable.