Thats going to be an issue that will be discussed in the decades going forward. I also remember my mother explaining to me what a "Bank Holiday" was all about back in the thirties.
So if the government closed all of those insolvent banks, and the FDIC Deposit Insurance went under would that of been better.
It sure would of been nice to see some executives get arrested and jailed, as opposed to being rewarded with jobs and bonuses.
When we look at the banking system of today they are all too big to fail, but does that mean they need to be broken up, and who is going to make that happen, surely not those same banks. I also could not imagine coming in and telling the banks that they need to make themselves smaller, you would hear a deafening sound from anyone who wants captalism to be free and open.
I don't think anyone has answers to todays problems, including Bernanke, thats why the market keeps going red each day.
We are all basically looking at the same stocks each and everyday, just look at the charts, they look like crap. I would like to know the answer to why so many stocks just keep going down and becoming doormats.
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