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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (421332)10/1/2008 1:47:27 PM
From: tejek  Read Replies (1) of 1575396
 
let the FDIC take care of the banks as they fail. There are only a couple large banks left to fail in my op. Then a host of regionals. Wells Fargo, C, JPM, BOA...NCC being iffy will remain. We've already absorbed some of the big ones already

Did you know that the FDIC is nearly out of money to cover deposits? If they didn't have JPM to step in, they couldn't have seized WaMu. WaMu was too big and it would have taken more money cover than FIDC had. Do your rightie blogs talk about that mess?
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