Wednesday, September 17, 2008

Sens. Dodd and Gregg - No more major bail-outs to happen

Calsulated Risk reports from NPR that Senators Dodd and Gregg say there are no more major institutions that are so big that their failure could crash the financial system.

That doesn't mean that a lot of regional banks aren't still threatening to go under, but they aren't going to require the kind of government bail-outs that Fannie Mae, Freddy Mac and AIG have required.

Let's hope the Senators are right.

Federal Banking Regulators are trying to find a buyer for Washington Mutual. I just got a solicitation for a credit card from WaMu. If I mailed it today I wonder if it will still exist by the time my letter arrived there to be processed?

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