People lose their houses because they can't honor the mortgage contracts they signed? Sad, but those folks were not going to invite me, the taxpayer bailing them out, to live in their houses when things were going well.
Big banks and brokerage companies going under? Sounder companies will buy them or replace them.
A run on the banks? The FDIC is already there to cover accounts under $100,000. Anyone risking more than that in a single account knows they are taking a chance for convenience sake.
Someone please help me out here. What is the disaster that will happen that is worse than the government destroying the the system of private property and private contracts?
If there truly is a run on the banks I wonder how much money the Fed would have to print? I think we know the effect of printing money. There are no good outcomes to this situation in my opinion.