Quote:
Originally Posted by Cynthetiq
Since we are a global now, there's plenty of solvent banks and companies who can go in and buy up ailing or failing ones.
This has happened in the 90s with many banks after the S&L crisis of the 80s.
|
You do realize that the S&L crisis contained the biggest bailout ... well, until this one?
And that, thanks to banks being overly trusting of ratings agencies, many many banks ended up being upside down.