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Reply #2: That was also my reaction, although... [View All]

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Home » Discuss » Topic Forums » Economy

phantom power

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-18-09 06:11 PM
Response to Reply #1

2. That was also my reaction, although...

considering we're 10 trillion in debt, it is possible for reasonable people to debate how "solvent" we actually are. Also, there are consequences to declaring more money into existence, for the purpose of keeping them funded.

Anyway, my assumption is that if the FDIC needed money, they'd make that happen and let the dollar take another hit. Not awesome, but clearly better than nuking public confidence in the banking system.

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