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To: pieceofthepuzzle

Actually, I don’t think people have started to panic yet, and I am very concerned what will happen if and when people do start to panic.


I think its quite possible the banks have huge liabilities and could still go under. If that happens, the Government is on the hook for guaranteeing all those deposits, but is there any $$ left? Perhaps, but perhaps not.

If the banks fail and the Government defaults, that WILL be the trigger for mass outrage. You will see blood running in the street.


60 posted on 02/11/2009 5:25:16 AM PST by rbg81 (DRAIN THE SWAMP!!)
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To: rbg81
...is there any $$ left? Perhaps, but perhaps not. ...

Sure, there's lots of "money" left. (Fiat is not a car company here!)


61 posted on 02/11/2009 5:30:09 AM PST by WVKayaker ("There are no facts, only interpretations." -Nietze)
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