Those banks are ultimately all owned by the Koch Brothers, the real power in America.You are not aware of them because they do not exist. The government has allowed sick and corrupt banks to survive when they should be wound down and replaced by businesses which are not sick and corrupt. Such businesses would quickly arise if given the opportunity to do so. They always do.I'm not differing with you, but I'm honestly not aware of superior business models. ???"The bank in question"?!?I find it ironic that you accuse anyone of ignorance. Your posts have deteriorated in quality, like you have creeping senility.I think it has been long established you know fuck-all about the way our financial system operates and its ins and outs.No, actually it doeesnt mean that. And your assertion is mere bullshit.
The large banks which survived the crash are bigger than ever. And each government rescue since Continental Illinois has been successively bigger and bigger and bigger. The next crash will be too big even for the government to stop.
We dont know what will happen in the next downturn. With any luck commonsense with prevail and the bank in question will go through an orderly bankruptcy.
BWA-HA-HA-HA!
Was there a "bank in question" in 2008?
The global derivatives trading system is far, far too intertwined now for there to be just one bank that will fail in any future crisis. That should have been made obvious to someone even as dense as you in 2008.
The Fed made the mistake of thinking the way you do with Bear Stearns. Just let the "bank in question" go through an orderly bankruptcy, guys!
How'd that work out?
You see, the government has been propping up Wall Street for a very long time now. Ever since Continental Illinois, the federal government has been a silent partner, and our financial system has become more vulnerable with each rescue. The business model is rotten to the core and the government has prevented superior business models from replacing the cancerous one we have now.
The system is rigged to protect the sick and corrupt firms. These firms donate a lot of cash to our American Politboro.