Keep seeing this same comparison to 2008 repeated and it’s super misleading.
Where is Bear Stearns?
Where is Lehman Brothers?
Where is Fannie Mae + Freddie Mac?
Where is AIG?
Where is RBS?
Y...
Bear and Lehman were investment banks; not retail banks. AIG was an insurer and the others you list are overseas entities.
It's a like for like retail bank comparison (or intended to be)
It's a like for like retail bank comparison (or intended to be)
❤️2🤙1