Quote:
Originally Posted by strandinthewind
And which banks would those be. If we allow even 2% of the larger banks to fail, there will be a run on all banks and then the govt. will take years to pay out the FDIC insurance, if they can pay it at all. Then, of the remaining banks, I doubt many people would qualify for a mortgage under the what I am sure can be described, at the least, as more stringent requirements, like 20% down and assuming the applicant was not detrimentally affected by the failing of almost all the banks.
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Which is why I suggested a surgical bailout of investments.
Anyway, do you want a complete list, it might be a few dozen pages. For major ones, Bank of America, Golf Savings Bank, any major credit union, we already bailed out Fannie Mae and Freddie Mac, Goldman Sachs, shall I go on?!