I hear a lot of people say to let a bank fail but I don't think people realize how bad it could be. I'm fine with letting one or more fail but I worry about others. yes, everyone's account is covered by the FDIC but how long do you think it would take for them to get their money out? Even if you have another bank take over the accounts, I don't think it would just be a weekend switch over. Can you imagine people having to go 4+ weeks with just the cash on hand or not being able to get access to their work check because their company goes through a bank that failed. So, what do you think it would be like if we let Citigroup or BofA fail and would you prefer to go through more pain now or less pain over a longer period?Answer Question
Answer by Anonymous at 10:08 AM on Apr. 16, 2009
Answer by Anonymous at 10:47 AM on Apr. 16, 2009
Answer by smalltowngal at 10:53 AM on Apr. 16, 2009
Answer by Anonymous at 11:06 AM on Apr. 16, 2009
Answer by smalltowngal at 11:14 AM on Apr. 16, 2009
Answer by Scorpio359 at 11:26 AM on Apr. 16, 2009
Answer by LexsMami at 11:37 AM on Apr. 16, 2009
Other banks would buy out the branches.
Answer by Anonymous at 11:43 AM on Apr. 16, 2009
Answer by smalltowngal at 12:00 PM on Apr. 16, 2009
Answer by smalltowngal at 12:02 PM on Apr. 16, 2009
Next question overall
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