@darius whoa. Darius, is this quote unironic? It seems to me that the current turmoil beautifully highlights the efficacy of banking regulators—they can’t prevent the forest from getting dry over the summer, they can’t predict which tree is gonna catch fire first, but when the conflagration happens, like now and like in the SNL crises of the 90s (and the oil bank collapses in TX and OK in the 80s, and 2008, and 2020), they step in quickly and clean up the mess.

If the conventional wisdom is that banking regulators have failed, that’s deeply concerning to me.