People seem to forget that a lot of small local banks also took on bad loans and have suffered because of it. Also, what happened to conservatives being protectionists?
You want foreign banks to own American ones? How does it sound to you if the Saudi government bought Bank of America?
Also, a lot of big foreign banks were linked to the crisis too such as UBS in Switzerland. Major Western European banks made low interest loans to people in Eastern Europe which will probably be where the next banking crisis comes from.

Thanks to Blacksaber for the sig!







