Paul Krugman
Paul Krugman said it appeared "at most like a fairly narrow sectoral crisis."
  • Paul Krugman said SVB maybe should have been called the "Schmoozing and Vibes Bank."
  • The Nobel Prize-winning economist said he didn't think SVB would trigger more bank failures.
  • Investors including Mark Cuban and Bill Ackman have called for Fed intervention and bailouts.

Paul Krugman has played down the threat posed by Silicon Valley Bank's collapse to the financial sector, suggesting the startup lender was more a "Schmoozing and Vibes Bank" than the new Lehman Brothers.