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The FDIC is who took over IndyMac when it failed.

Besides, the government wouldn't need to buy out every mortgage from a failed bank because they would be delegated during bankruptcy to another healthy bank at real or below market value. In other words the market would have saved itself.

Those bankrupt banks would have then had the ability to pull out of bankruptcy now that those illiquid mortgages are off their books and returned to good operating standing.


PS: "and some banks are already starting to pay it back..." <- That's because the Federal Reserve secretly dumped out several billion dollars. I'll let you take a wild guess where a lot of it went.



The rEVOLution is not being televised