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Melodic-Fee-370 t1_jcdzbcu wrote

I had no idea this many banks failed in ~2008. Most discussion about the financial crisis focus on Lehman Bros

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TonyzTone t1_jce6pc1 wrote

Because Lehman was also huge and because it was so interconnected with so many other parts of the economy. If you notice, it’s not on here because Investment Banks aren’t really banks.

Otherwise, we should also be showing Fannie Mae, Freddy Mac, Bear Sterns, AIG, and more. 2008 was a next level crisis.

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cubenz t1_jcits05 wrote

Please do. I think it provides useful context.

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