ST Alpha - "SITWAP: Two key Republican Senators suggest it may be time to let big banks fail. -- (link)" (Reading a Post)

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SITWAP: Two key Republican Senators suggest it may be time to let big banks fail. -- (link)

Posted by TaurusII Mar 9 '09, 14:33

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Oh, *now* you think of this?!?!? (money.cnn.com)

Responses:

It's a stupid idea. And honestly the problem with the whole "the banks need to act like banks and start lending again" is at this point not really - pmb Mar 9, 14:53 3
- there's a lot of people out there that just want things to go back to how they were in August. Nagannhappen. -- nm - Reagen Mar 9, 14:59 2
  - [deleted] 1
    - a.k.a. the Carter strategy -- nm - con_carne Mar 9, 15:07
I'll all for letting them fair and the shareholders taking a beating... except now WE'RE SHAREHOLDINGS!!! -- nm - Mop Mar 9, 14:46
[deleted]
I get the feeling that a lot of people want the economy to crash to the ground, then rebuild -- nm - amoxy Mar 9, 14:42 1
- You gotta hit rock bottom! -- nm - Rehab Vermin Mar 9, 14:52
What does that even mean...when small banks fail the FDIC shows up and runs the show - Stewie Mar 9, 14:37 4
- but they are going to go broke soon - so they said. -- nm - Epiphany Mar 9, 14:42 3
  - they are backed in full by the U.S. government already -- nm - Stewie Mar 9, 14:44 2
    - What's your point. On the one hand you say; if they fail, guess who has to pick up the bill. And on the other hand, even though they are currently - Loyola Mar 9, 14:53
    - Banks do much more than hold people's money. They make sure cash is flowing smoothly through the economy -- nm - con_carne Mar 9, 14:48

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