b250r
Jan 11 2011, 09:07 PM
I was against the bailouts from the get go! I'm sorry but it needs to fail, the longer it goes the worse it will be! Now get to work and pay your taxes, I'm paying mine. Its just sad, I don't see us getting out of this, I hope I'm wrong..
PimpShackDave
Jan 11 2011, 09:20 PM
Happens plenty. I was working at a much larger institution where the same kind of thing went down and my bank (that was actually healthier than the acquiring bank at the time FDIC shut us down) was absorbed along with a half dozen others over the next year, about tripling this Midwestern outfit's West Coast presence. My job was to stop the bleeding, which I did to the tune of low seven figures monthly. But since all the blood ended up on the FDIC's hands, it was cheaper to just let it continue and stop paying the staff applying the tourniquet. Three cheers for banking!