View Single Post
  #10  
Old 03-03-2009, 12:43 AM
Hatterasguy's Avatar
Hatterasguy Hatterasguy is offline
Zero
 
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,318
If they failed there assets would be bought up by other people and banks for pennies on the dollar, and much money would be made as better banks rise in there place.

Oh don't worry about any loans, someone will buy them and still service them you would have to pay.

Contrary to popular belief the world would not end, if say AIG went under, the sun would come up tomarrow. Sure things would be messy for a bit...well like they are now...and getting some kinds of loans would be hard...well like now, but after a fairly short period of time the vultures of the market would buy up the assets that are worth buying and make them productive again.
__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200
Reply With Quote