There's something that really irks me about people describing the market reaction to the 2023 collapse of Silicon Valley Bank as "overblown." The selloff was overblown because we ended up getting an SVB 'fix' in the form of a complete transformation of the US banking system with an unlimited bailout of depositors (above the $250k FDIC cap) and a new liquidity program from the Fed (the BTFP). If your preferred analogy for the CoreWeave selloff is 'Oh, it's like SVB, it's not systemic' then you need to at least acknowledge the systemic changes that stopped SVB from becoming a much bigger deal.