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by jacknews 1186 days ago
Every crisis is different IMHO.

If the Fed hadn't stepped up to insure the SVB deposits, we might be in a much worse situation, but as it is this feels like it could possibly maybe get out of control if a whole series of other bad things happen, but probably very unlikely.

There was one day in 2008 where it really felt like 'this is it, it really actually is all going to come crashing down, unless...'.