Well, I think the only losers are the bank management (all fired with deferred comp clawed back I’m sure), equity holders, and unsecured bond holders. I’m curio

Well, I think the only losers are the bank management (all fired with deferred comp clawed back I’m sure), equity holders, and unsecured bond holders. I’m curious what you think making bank customers eat it will accomplish? They had nothing to do with the whole affair. Letting the bank collapse in a disorderly fashion would tear up wide swaths of the economy. The fed being able to drive us into a recession isn’t worth letting the banks domino us into a recession.