Cyprus here we come...
Ah, what the heck. Go ahead. Money is so cheap now there’s no money to be had by saving it, anyway.
No biggie. They can borrow the reserves at 0% at the fed.
So what’s the hold up? 0bama HAS a Pen and a Phone! *SPIT*
The Federal Reserve, whose responsibility it is to protect Wall Street, not average Americans, will no doubt come up with a way to strip mine the middle class to help bail out their member banks
Why, it wasn't long ago we were reading how Wells Fargo was the best-run big bank in America - totally immune to the impact of the shenanigans other banks were pulling. Does this mean the financial magazines were lying to us? Say it isn't so! :)
Excellent idea! This will be sure to spur lending and lead to new economic growth. LOL!
LET THEM ROT
too big to fail is nonsense
capitalism involves FAILURE
of course Lehman was set up and AIG... THE REAL CRIMINAL WAS BAILED...
DERIVATIVES, CREDIT DEFAULT SWAPS, COUNTERPARTY RISK IS ALL PART OF THE INVISIBLE GAME that is OUT OF CONTROL and can/will take the world financial system down.... when people wake up AND DEMAND A FED AUDIT....
wait till you see how much money went to FOREIGN BANKS.... FROM YOUR TAXPAYER WALLET
maybe the big Wall Street / World banks should get some of their CEO bonuses back as well as their pay offs to their political friends. I’m sure that would generate more than enough.
Wells-Fargo, the San Francisco-based pro-homo before it was required to be bank. Glad to see them go under.
Shocks the hell out of me.
1.2T? No problem. Either Congress could pass legislation or POTUS could give pardon/amnesty to all the overseas/untaxed money. $3T sitting overseas because of our oppressive tax system.
If banks do not lend on their deposits, as they used to do, and many banks have very little in the way of deposits now, how the heck does the banking system work? Remember when banks would do almost anything to get deposits? Free toaster ovens and other items? Now they seem annoyed if you have a savings account. If they are not lending on deposits, it must all be a house of cards.
[$1.2 trillion]
What? No problem? We can come up with that by morning. Start the presses.
In fact, I may have that much on me right now. Let me check my pockets.
Good thing they won’t use that $1.2T to do banking things like loan money to businesses to create jobs.
Can’t have that.
People might become independent. Too much freedom is dangerous to the Uniparty.
They will wait until a Republican gets in office and let him take the fall.