That was the argument folks made about Lehman—too many contacts within the industry—too many negative consequences—a much stronger version of the case you are making.
Looking back it is still hard to believe they let it fail.
But—imho this is just the beginning of many banks failing due to the very rapid increases in the fed rate—totally predictable and totally unavoidable.
They will be just another casualty.
All fair points, yours and mine.
We can agree to disagree, and observe for the sidelines.