Is Silicon Valley Bank Too Big to Fail?

Sylvia: Was SVB or first republic, should they have been too big to fail too? Because clearly the Fed said they pose a systemic risk. So why weren't they also designated in that way as sort of a question? Well, they were small enough to fail and Silicon Valley bank did fail. That's the difference. And it just like it is possible to imagine some incredibly egalitarian banking system where there are 1000 banks and all of them are small enough tofail but not any which are too big to failing. It just doesn't exist in the wild in in an ideal world. Perhaps we can think that that would be great but I've never seen it anywhere.