SDR, I hate banks too. This bailout is bullshit. But here, what’s your take on this — serious question here that I honestly have no answer for:
If the banksters had gone down, especially the big ones, our money goes with them. Actually, and here’s the rub, they’ve lost a good deal of it already, obligations they can’t pay, hence the bailout.
Imagine a scenario where 10,000 business in San Diego County suddenly find their banks are insolvent, and as a result, they’ve been wiped out? No assets. Nothing to pay invoices, no payroll. What would happen if say, the neighborhood ‘Ralphs’, suddenly had no cash?
