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Offline flowers

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« on: March 27, 2014, 11:22:38 AM »

Online Oceander

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« Reply #1 on: March 27, 2014, 06:17:23 PM »
And this is only going to get worse because Citi is a "systemically important financial institution" and therefore now has an implicit government backing for its affairs, just like Fannie Mae and Freddie Mac.

And, quite honestly, the various bank regulators have a fairly robust system of receivership for insolvent/troubled banks, and the nation has a very robust bankruptcy system that can easily handle mammoth business bankruptcies - anyone notice much disaster flowing from Lehman's bankruptcy?  Lehman who?  Exactly.  Put the bank regulators together with the bankruptcy system and I am quite certain that a failing bank the size of Citi could be taken down, squared away, and its deposits, assets, and liabilities all properly taken care of without destroying, or even putting a substantial dent in, the national, or international, financial systems.

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