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Re: fsshon post# 397467

Monday, 03/31/2014 10:58:54 PM

Monday, March 31, 2014 10:58:54 PM

Post# of 735801
I don't disagree with you about WAMU and their part, they did it to themselves. They are not without guilt, but if the FDIC wasn't equipped to handle a Big bank failure, then they shouldn't allow them to get that big.

Wamu was a sacrificial lamb for TARP IMO, better for one bank to go down rather than several. I'm not sure most people realized how close we were to total destruction of the financial sector as a whole. Things were BAD, but could of have been even WORSE. Can you imagine if they had of let AIG fail?
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