Posted On: September 29, 2008, 4:49 pm CDT

Posted By: wudchuck

i don't see it as a failure, because was truly going to help the market? the banks were the ones giving the loans and they were looking at some bad loans. they took too many of them, that they started losing money. it's like an investor and the company lost money. are you going to recoup the investor? NO! so why should we do the same here? now, the money that i have in the bank is secured by the FDIC, but here's the question. Is the bank using my money to secure the purchase of the bad investing? that is the question you have to ask - because why are they allowed to do that? because they know that my funds are secure from the FDIC!!! interesting enough is that the insurance side of the house requires that we be solvent. why has the banking industry (fed reg), not done the same thing? why should they be any different in solvency? i think as a bank, this would leave me more financially strong. afterall, if i can be solvent, i would have money available to lend!