Thread: Coin counting
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Mayo Mayo is offline
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Default "Legal Tender" was: Coin counting

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