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 : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (127347)	4/21/2011 10:09:50 AM
From: bruwin	Read Replies (1) \| Respond to of 132070

Another aspect of Banking being a "great business" is the fact that, more often than not, a country's government is very reluctant to let a bank fail as it often has a knock-on effect and causes a run at banks, in general. This is especially the case with the larger ones. So as we recently saw, banks had a large collection of junk in their assets. When the quality of that junk eventually became apparent and the fertilizer hit the fan, the banks cried "Help" and, in most cases, the government obliged with taxpayer's money. So it seems, that in many cases, it's a "win-win" situation for many banks.