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Re: GEO928 post# 96336

Thursday, 04/08/2010 5:20:33 PM

Thursday, April 08, 2010 5:20:33 PM

Post# of 577460
I hate to clue you in but letting any of the big banks fail would have been catastrophic. The FDIC only covers up to (now) 250K and several companies would have been wiped out as they may have had hundreds of millions or more in those banks as DEPOSITS THAT WOULD NOT BE COVERED. Plus all the investors of which many would have been pension funds. One goes maybe all the big ones would go as a run would have been inevitable. There would have been no CH11 but poof all gone with all deposit over 250K per person eliminated.

Its one thing to cavalierly say let them fail when one has absolutely no understandable concept of what the hell one's talking about.

Let's see that article you had published as I need a good laugh.


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