Replies to post #200471 on Tornado Alley (PROG)

[BullNBear52]

And Cyprus was lawless too. Do you think Citi and BAC should have been allowed to fail. And their depositors over the FDIC limit should have taken a 40% haircut?

Let me know how that would have worked out.

BTW it wasn't a bail out. The banks paid dearly for that money and some of them went belly up.

I know exactly what the Fed is doing and it's due to Congress' inability to do anything.

[F6]

Fountain of Neptune, Bologna, Italy