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To: bentway who wrote (259850)	7/10/2010 4:13:37 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

I know the reasoning...but... Bent, come on, wouldn't you have liked to seen them (the banks) suffer...just a little more? G

To: bentway who wrote (259850)	7/10/2010 4:34:18 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

naw, we should have let 'em go and focused on reinflating the next tier down, credit unions and community banks. They would have been perfectly willing to accept a trillion bucks in capital and actually lend it out to someone deserving.

To: bentway who wrote (259850)	7/10/2010 8:25:53 PM
From: NOW	Read Replies (3) \| Respond to of 306849

<if the banks had been allowed to all collapse, we'd be in such a world of hurt now, you can't even conceive of it> nonsense; your really need to stop listening to the lies of Hank and criticizing someone else for not being a deep thinker! LOL you suggesting that the way this was handled was the right way, the only way?

To: bentway who wrote (259850)	7/10/2010 9:05:24 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>> if the banks had been allowed to all collapse, we'd be in such a world of hurt now, you can't even conceive of it.<<< Listen to the Whalen interview. Wonderful insights. Paraphrasing: 'The Lehman collapse demonstrated to the world that we could surgically deconstruct a large institution and live to see tomorrow' creditwritedowns.com

To: bentway who wrote (259850)	7/11/2010 12:17:19 AM
From: Perspective	Read Replies (4) \| Respond to of 306849

<if the banks had been allowed to all collapse,> I'm really tiring of hearing how bad it would have been had we not bailed out the stockholders and bondholders of the banks. No banks would have "collapsed." Not a single one. They would have been restructured. The Great Depression happened because millions upon millions of Americans lost everything they had when their banks vanished and took their life savings with them. The key innovations following GDI were FDIC insurance and receivership for insolvent institutions. There would have been no banking collapse; the accounts would have been transferred to a stronger institution, the depositors made whole, the stockholders eliminated, and the bondholders would have taken appropriate haircuts. And then we might have had a recovery in lending, instead of Japan redux. Given FDIC insurance and FDIC receivership, how much worse would it have really been? Have you stopped to consider that we might actually be BETTER off now had the bondholders and stockholders taken appropriate haircuts and the debts written down? `BC