I seem to recall that Fannie Mae and Freddie Mac were both on the brink until they were bailed out by the Feds. And a lot of the Too Big To Fail banks were saved by TARP.
The graphic should have Fannie and Freddie in their, as well as Citigroup since it was effectively bailed out via a $250bn govt backstop against loan losses.
Adding just those three would make the 2008-2009 downturn waaaay taller AND fatter.
And while we are at it, the 2008-2009 bubbles need to expand by about 55%, to reflect inflation. That will make that cluster of failures WAAAAAAY bigger.
But hey, can’t do that....can’t let things like truth and accuracy get in the way of clicks for Zero Hedge, and then the 2023 economic doomsters won’t get their jollies.