That is not what would happen at all. There were a list of buyers both for BoA, Citibank, et al. None of the buyers were american corporations. In fact, there w

That is not what would happen at all. There were a list of buyers both for BoA, Citibank, et al. None of the buyers were american corporations. In fact, there were dozens of banks bought by international banks. They would eventually sell the junk back to the US government under the treat of just defaulting and exploding the US market. That romantic vision of how the market works is very different from what happens in reality. There were cases where individuals were responsible for the havoc, most are in jail. But, in general, banks were stupid and led by a government desperate for GDP numbers and campaign money. There is a culprit for the re-insurance and debt re-packaging mess: The american people. Freedom without social responsibility is not freedom, is something close to anarchy.