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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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KNIGHT / SWIFT JUST BROUGHT U.S. XPRESS
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<p>[QUOTE="Deadwood, post: 12375505, member: 191377"]If one bank fails, there are other banks to keep the economy afloat, Agree with you 100% that banks should be allowed to fail - with no bailout. Poor choice of words. </p><p><br /></p><p>The ones pulling the strings never seem to think about unintended consequences and second or third order effects. Since the Fed bypassed the entire purpose for the FDIC, people are moving away from regional banks to the mega banks thinking they will be whole by the Fed if the mega fails. The Fed might try something like that but it would destroy the dollar as a currency once and for all.[/QUOTE]</p><p><br /></p>
[QUOTE="Deadwood, post: 12375505, member: 191377"]If one bank fails, there are other banks to keep the economy afloat, Agree with you 100% that banks should be allowed to fail - with no bailout. Poor choice of words. The ones pulling the strings never seem to think about unintended consequences and second or third order effects. Since the Fed bypassed the entire purpose for the FDIC, people are moving away from regional banks to the mega banks thinking they will be whole by the Fed if the mega fails. The Fed might try something like that but it would destroy the dollar as a currency once and for all.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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KNIGHT / SWIFT JUST BROUGHT U.S. XPRESS
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