Poll:When will the banking system collapse?

[Kasz216]

SamuelRSmith said:

Kasz216 said:

It's not so much the Banking system that will collapse as sovereign countries will under their huge ass debt.

Which actually could happen in 2011, what with how friggin dumb the greeks are being.

Which will lead to the baking system collapsing, as most banks hold huge quantities of Government debt which will suddenly become worthless (or, take a massive value hit).

I wouldn't say most banks, so much as the big ones.... and the more responsible countries, like Germany or even the United States should be able to insolate their banks.

Probably not France though... france is actually pretty sneakily in the same boat as Spain/Italy etc, they just hide it pretty well.

Really what needs to happen is all these big banks need to fail and be replaced by smaller banks, who are usually more adventurerous in smaller loans like buisness loans and less adventurous to "can kill us" loans.

Since there is no "too big to fail" for them.