Quote:
Originally Posted by DateDoc
If we were letting the bad banks go we would have let Bank of America, et al fail.
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In a perfect world you are correct. Sadly, when it comes to nationwide economics there is no clear cut right and wrong. Bank of America is huge and if it had failed it could have brought with it tons of other banks and cost a lot of people their jobs. Maybe it would have quickly been replaced by another bank and the damage would have been very small, but maybe it would have set off a chain of events that drove us further into the ground.