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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (112746)	4/23/2012 2:18:32 PM
From: Road Walker	Read Replies (1) \| Respond to of 149317

The solution is to dissolve the bad banks and let the good banks eat up the bad banks assets. "Let"? Yeah the "good banks" are chomping at the bit to acquire bad assets. BTW remember Lehman? We tried it your way and it nearly sunk the world economy. In fact it did, but for extreme measures we would still be in a depression. Who is going to decide which is a good bank and which is a bad bank? Obama? You? How are the markets going to react? What happens when all liquidity drys up after the announcement? Is it legal for the government to shut down these banks after they passed the stress test? You don't have a clue what's really going on, do you.