Yes, there would be a bit of belt tightening by the banking industry. I say, WHY NOT. Every other industry eats their own, why not the banks now. They have sat on the sidelines long enough gouging everyone they can with their $35 fee's all over the place and hidden fees everywhere you turn. So now it's their turn to eat those that can't make it. I say more power to the ones that survive. Shoot, bail me and my family out. I have paid those taxes. Why should I bail out a company that holds my money then charges me all over the place to take it out when they are getting larger interest amounts off of my money and forcing me to pay fees every time I take out MY MONEY.
And as for housing, screw it I say. Houses are so over priced right now that the market backed itself into a stall. No way does it make sense that my parents house should be valued at over $218,000 when they had bought it back in 1990 for $67,000. Sooooo, let the greed in people sting for a while. Maybe we'll all finally learn a lesson.
