On 8/20/2014 1:00 PM, Cheri wrote:
>> You keep referring to this as a "full failure", which it is not. You
>> must be a bank manager who got to keep his job if you keep
>> pontificating that way. BAH!
>
>
> +1
http://ac360.blogs.cnn.com/2009/03/0...ig-banks-fail/
Ali Velshi
Chief Business Correspondent
Citi is something like 20 percent of US bank assets. By contrast, back
in the Savings & Loan crisis, ALL of the S&L's COMBINED were less than
10 percent of US bank assets.
Here's what happens if a company as large as Citi fails:
- Investors and depositors, fearing failure of smaller banks, would take
their money out, triggering further bank failures across the country.
-There would be less money available for loans to support economic recovery