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The catastrophe of 2008 (to consumers) was that the market decided to make credit scarce. It makes sense that the government can't force banks to take unjustifi
by superuser2 13y ago
The catastrophe of 2008 (to consumers) was that the market decided to make credit scarce. It makes sense that the government can't force banks to take unjustified risks once they've wised up to the recklessness of their lending.
This is very different from money just disappearing out of checking accounts, which is what happened with MtGox. Even if that did happen, the FDIC would make the depositors whole.