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Feds Afraid to Let Big Banks Go Under

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By Barry Ritholtz - January 28th, 2009, 8:15AM

While the idea of the government becoming the de facto bad bank in a system-wide good bank-bad bank solution has some merit, there’s a big problem with the “aggregator bank” idea that’s gaining momentum in Washington D.C., says Lawrence J. White Professor of Economics at New York University’s Stern School of Business.

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Source:
Afraid to Let Big Banks Go Under
Yahoo Tech Ticker Jan 27, 2009 12:39pm EST

http://finance.yahoo.com/tech-ticker/article/164438/Good-Bank-Bad-Bank-or-Banana-Govt.-Afraid-to-Let-Big-Banks-Go-Under?

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Category: Bailouts, Credit, Video.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Feds Afraid to Let Big Banks Go Under”

  1. Bruce N Tennessee Says:
    January 28th, 2009 at 10:17 am

    They will do anything to prevent it…this came from CR this morning…

    http://www.garynorth.com/public/4527.cfm

  2. gogreen Says:
    January 28th, 2009 at 10:29 am

    As much as I am against US nationalization, we’ve seen banks nationalized with certain degrees of success in many countries….only to be privatized after whatever economic crisis passed. Why can’t the US take a cue from Japan or Scandinavia and follow their lead?

    When I hear any commentary on the economic situation and bank bailouts, it tends to sound like this video: http://tv1.com/playlists/104

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