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Quote by: dixon  If a bank goes bankrupt, the FDIC gurantees the depositiors money, costing the government |
They are not all traditional banks that lent this money knowing it was risky.
Until recently, banks which held depositors' money and investment banks were separate entities and these shaky mortgages would hurt these companies even if the depositors (not stockholders) were protected.
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Your point? Their balance sheet is still fived and the government still has assets equities and loans to be paid back
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Perhaps I'm not as optimistic as you that these megabanks and brokerage houses will ever pay back these huge sums.
Link?
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???? You mean by giving homeowners money so they can stay in houses they cant afford and never should have bought in the first place?
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It's not a black-and-white issue. A lot of people were essentially swindled and hoodwinked. A reworked mortgage would allow the government to be paid back and people would keep their houses.