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I don't remember hearing that in 2007. Pretty much the first thing I heard about the financial crisis was that there was gigantic contagion risk throughout the financial system.

Maybe not that exact phrase but it does conjure to mind the video of Cramer saying Bear Stearns was fine.

https://www.youtube.com/watch?v=gUkbdjetlY8

Ah fair enough. Yeah Cramer was wrong about everything in the period and very mainstream. Point taken.

Ah yes. Cramer, the man who's right about the market so much that there's an ETF that just does the opposite of what he says.

https://www.thestreet.com/etffocus/blog/inverse-cramer-etf-i...

Inflation is just transitory don't worry

Lehman brothers had over 640 B$ in assets. Not even remotely comparable.

SVB has ~$200b before today. 30% of Lehman, but not nothing.

Adjust it for 2007 dollars.

$1 in 2007 is about $1.40 today. (If Lehman had $640B in 2007 dollars, that would be ~$900B in 2023 dollars.)