Another bank failure pending

[CARLHAYDEN]

http://money.cnn.com/2009/07/31/news/companies/guaranty.headache.fortune/?postversion=2009073113

[Swing low, sweet chariot. Comin' for to carry me home.]

they should let it fail, and it wont be the last bank to fail, but that won't stop the recovery

[War on Want]

they should let it fail, and it wont be the last bank to fail, but that won't stop the recovery

[opebo]

I don't see what the big problem would be with simply reflating banks that 'fail'.

[Southern Senator North Carolina Yankee]

Let it fail. Thats what the FDIC is for. They still have $13 billion and they had a negative balance after the savings and loan debacle and this is much worse, so its not the end of the world if in the midst of the worst banking crisis since the agencies creation that it would have another negative balance. If anything I think in the future there needs to be a second FDIC to cover investment banks, completely paid for off sky high premiums paid for by the investment banks. At least its better then Spending hundreds of billions to bailout out the industry on back of the treasury.