Yep people don’t understand how their lives revolve around liqduidity. Especially home ownership.
No Hisma and I are trying to point out that the country runs on credit and liquidity. If you let one of the big banks fail i.e the ones with trillions in money not only do all banks fail but you hit every sector and crash the globe. Call it whatever will but you being talking about a total economic reset. So yes I have a problem saying let the big banks fail. I have problem that we let a jerk off like Thiel crash a bank, even a tiny one which SVB is, and then the PE/VC teams now want to buy them. You can’t play with the US economy that way - it’s the kind of reason why SEC exists over stocks.
Consequences depends on so many variables. BUt I’d love to have lifetime bans from working in the industyr, and possibly criminal charges depending on the degree. But no I’m not cool with destroying the entire country as we know it. Any of the big 4 crashing it would do it. BTW they would take the globe.
Housing prices for example - no more 30 year products, no more low interest. We’d probably go to 75% value overnight of the current median. How many trillions wiped out? Everybody would be hit. You aren’t talking recession level events here.