Quote:
Originally Posted by vod
Let AIG Fail
Let the banks fail
short the Banks and Credit cards... BOA - COF - C - WFC - short these STOCKS
Gov will take over for a short period and fuck it up more, but let the people run the banks into the gound
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As easy as it sounds to say "let them fail", I don't think people really understand what that means. AIG sold credit default swaps to basically every major financial institution in this country. If that happened, it literally would destroy our entire economic system. Banks would literally go insolvent overnight. You would lose most of your credit lines. You'd see unemployment in the high teens.