The Fed takes care of their own. The rest be damned. To see which banks are in the “favored” catagory, just look who got paid off through the AIG pass through for defaults as well as which got the TARP money. All the rest will be allowed to go BK.
Isnt it fitting that the banking index is called the “BKX” or as I like to call it, the “Bankrupt Index”.
