Quote:
Originally Posted by ajmccarrell
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?!
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Your argument is flawed because if we let the banks fail, which is what you suggested when you said "but as far as the bank itself goes, let it crash" - any new insitutions will be hard pressed to lend to anyone without sterling credit and cash in the bank. I suggest those people will be few and far between. Moreover, if a significant number of other banks are allowed to fail, the baks you listed will likely fail as well.