Too big to fail?

[Hardass]

On the canadaian deal 5.5% Compared to 3.2% Oh thats a good deal right there. How much inflation ate into those percentages each year? and i mean real inflation not x autos and food and energy (real inflation) those percentages may sound good to some out there but 5.5% does not buy what it bought 10 years ago, not even close. It may be better than what tyhe us did but it's not going to make a king out of you.

 

[The Fourth Wolf]

because the affected debt holders which in normal liquidty situations get 3 to 5 cents on the dollars have some highly place political pull and probably lofty donations in the past..??..or is it the scrutiny of something is avoided as long as they are being bailed...??

This.

Too big to fail is polispeak for big enough to buy Congressmen at wholesale prices. TBTF hysteria and the bail-outs that follow insulate the guilty of any accountability.

Let them fail. Fire those responsible and strip them of their jewel encrusted golden parachutes, then tar & feather any politician who tries to protect them.

 

[ruffryder]

Let them fail. Fire those responsible and strip them of their jewel encrusted golden parachutes, then tar & feather any politician who tries to protect them.

What would happen if Citibank failed? How would the process go of taking them over?

 

[Hardass]

What if citi failed HMMM!!!Don't know about aquiring but the job loss could be huge if no one did. Basically this is what they want us to focous on is the job loss.My personel opinion is that companys that can not make it on there own should be shut down. And i don't care what that company does. No subsidys or bail out, you make it or you don't. this goes for airlines banks farmer and every one else. every one has there hand out and wants something for nothing. If you fail you fail some one else will make it work.

 

[ruffryder]

What if citi failed HMMM!!!Don't know about aquiring but the job loss could be huge if no one did.

The job loss is not the problem, it is the acquiring that seems to be the problem. Note that I am talking about Citibank specifically here..

 

[winter brew]

What if citi failed HMMM!!!Don't know about aquiring but the job loss could be huge if no one did. Basically this is what they want us to focous on is the job loss.My personel opinion is that companys that can not make it on there own should be shut down. And i don't care what that company does. No subsidys or bail out, you make it or you don't. this goes for airlines banks farmer and every one else. every one has there hand out and wants something for nothing. If you fail you fail some one else will make it work.

I agree.

The jobs go away when a company fails.....but as that business is obsorbed by others, do the job numbers really change much in the long run?.....assuming it's an industry that is still in demand and failed due to poor business practices.

 

[m8magicandmystery]

Question.....140ish banks failed last year in the US. They are gone. Were they taken over or did the tax payer pick up the bill through FDIC? I don't know...I'm asking.

wow..we only have 5 major banks in total in canada with a couple small ones..no wonder our banking system has strength and stability..they essentially have a darn monopoly