Thread: Should President Obama do more than just admonish????
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Old 02-03-2009, 01:18 PM   #34 (permalink)
aceventura3
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Location: Ventura County
Quote:
Originally Posted by Willravel View Post
What would letting the banks fail look like? I'm honestly curious.
Banks fail. FDIC provides coverage for depositors. Regulators take control of the bank for an orderly disposition of assets. In some cases deals are brokered. In 2008 all of the bank failures were handled orderly, same in 2007, 2006, 2005, etc., etc.
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