It appears(though I could be wrongo- thoughts?) that the government is putting commercial banks with insured deposits into bed with the failing institutions on purpose. It looks like they do not want to be seen bailing out Wall st but by allowing commercial banks with insured deposits to eventually fail, they will market it is a massive FDIC insurance bailout to help the public? I mean who would not support getting thier deposits back? I hope I am wrong but I see no other reason for this structure. I believe that instead of having the FED and Treasury look like they are corporate whores, they will bankrupt the big banks instead and pretend to be saving us? Any thoughts?
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