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From the linked graph, recent bank failures of this kind rival that entire event. And we're probably not done.


This graph only shows consumer banking failures which captures a tiny fraction of the financial institution failures in 2008.

Additionally, this dataset by definition doesn’t consider the several financial institutions (including much larger consumer banks) that were deemed “too big to fail” and were therefore not allowed to fail and didn’t make this list.

Finally, this graph reports deposits which are not “lost” in a bank run, the bonds still have their original value if they can be held to maturity. The actual cost to the government/FDIC will be no where near what the total deposits number is.

But for context here are some much larger numbers following the same criteria:

Fannie Mae and Freddie Mac had $5T in mortgage backed securities and debt when they went under.

AIG was backstopping some ~$600B in financial instruments for banks and needed a $180B bailout.

Lehman had ~600B in AUM at bankruptcy.

Then add 40% to every number for inflation.




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