Wells Fargo and Company (WFC)

[56Chevy]

Yes..but the collapse of 08 / 09 was for different reasons. Lehman Bros fall, and many other banks, was due to a housing bubble combined with exposure to what were called 'Alt-A' loans..which were subprime. They were also known as "liar loans" because banks weren't requiring full documentation that the borrower could pay back the loan.

Banks certainly played a roll in that collapse.. but truth be known it was Democrat pressure from Washington DC that for years was forcing the banks to start making loans to individuals who could not and ultimately did not pay back their notes.

This brings us to the conclusion that when banks start going belly up and you want to know why "the creek got muddy" all of a sudden just go upstream and you'll find the pigs in the creek are not so much in the banks themselves but in Wash DC.

Fast forward to 2023 this collapse was for different reasons but it was caused by the same pigs in the same creek with rising interest rates at the fastest pace ever.