What would happen if Citi and Bank of America were to fail?
Broke and Mad
Dear Broke and Mad,
Good question. I have no idea.
Special DVD Bonus Material from the comments:
As to my "friends in finance" . . . sigh. The belief that everyone who writes anything except "first let's string up all the bankers" must simply be protecting their trust fund/rich friends/shadowy conspiracy employers is inutterably ridiculous. I have more friends in liberal academia and the liberal wonkosphere than I do currently turning the wheels of commerce on Wall Street.
Oddly, I believe her. She's exactly like the housewife in Dayton or Dallas or Duluth who thinks that by supporting conservatives, somehow--magically!--part of their wealth will rub off on her. We know she doesn't have many banker friends because the bankers she does talk to all lied to her.