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|-   Entrepreneur Forum > Other Ways to Make Money > Credit Cards and Banking
+   Should some big American banks be allowed to fail?
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Author Topic: Should some big American banks be allowed to fail?  (Read 304 times)
OfflineWMortgage
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notepad Mar 08, 2009, 02:53:27 PM #1
According to a New York Times article John McCain and Richard Shelby think so...

Quote
“Close them down, get them out of business,” Mr. Shelby, the senior Republican on the Banking Committee, told ABC’s “This Week With George Stephanopoulos.” “If they’re dead, they ought to be buried.”

While the Alabama senator did not say which banks to shutter, he suggested that Citigroup might be on that list, saying the bank has “always been a problem child.”

What do you think?


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Offlineronfrank
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notepad Jun 03, 2009, 05:32:15 PM #2
I think any business if managed poorly should be allowed to fail but bailing out failure companies has become the new American way.

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