Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (478043)	5/5/2009 4:15:40 PM
From: Road Walker	Read Replies (2) \| Respond to of 1575758

First - Thats BS because chapter 11 bankruptcy does not mean liquidation. No it means first a run and then total distrust... it means no money or credit, anywhere in the system. Banks are at the center of every single good and service that moves in this country. Second - This was not most of the worlds banks. As I said most of the world LARGE banks which is a huge percentage of the world's commerce. And nobody would trust the solvent ones. Third - The government can step in and add any required capital as part of the bankruptcy reorganization, most likely much less than was given under TARP. No time... Look, do you know how banks are closed by the FDIC right now? Total secrecy, Friday night, a swat team of dozens of FDIC functionaries, a presale to another regional bank, back open on Monday. You think maybe they do that for a reason? No we were truly at the precipice of a massive world economic meltdown. I'm not sure they would have been able to put humpty dumpty back together again. Not to mention the social implications when....