Why can't we get bailed out the way the big banks do?
"The G14 dealers comprise Bank of America-Merrill Lynch, Barclays Capital, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, RBS, Societe Generale, UBS and Wells Fargo Bank.
BIS said they could face a cash shortfall in very volatile markets when daily margins are increased, triggering demands for several billions of dollars to be paid within a day."
So they don't have the money just like you or me.
What do you think?
I think that is their problem and they alone should fix it or go away.
I wasn't disputing your reply, just pointing out more misdeeds of our monetary system that I found interesting.As for your comment "Fix it or go away" that's what I am hoping for actually.I feel that life in America is getting worse and the financial class is a major part of why. If they screw up they should suffer the consequences just as the "Free Market" principals they so proudly want to operate under.
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