I agree with the first part of your sentence but to be fair you said to wake you up when a big firm failed and i was only pointing out that, several big firms have failed as I pointed out:)
I fully understand that very few people on hackernews actually are in the capital markets and i happen to be one so I'll always have a far better understanding than outsiders like your self.
I'm just trying to provide some colour to people regarding what's happening today and why fund closures are magnifying this.