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I think it depends on how many banks failed + why. If it was a simple case of 2 or 3 banks folding over the course of a year or so due to bad debts. Yeah, that's Darwin at work + a good thing. If it's a case of a domino effect where otherwise stable institutions going under, the implications could have been disastrous. I'm not sure which was the case, but the post TBTF bailout pocket stuffing is rather appalling + I don't blame those critical of this... I am too... I think the answer is tougher regulation on that industry...
James...
posted by 216.59.2...
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