Bailout?

Attended a guest speaking at CSU Dominguez Hills on Monday.

Speaker (whose name I cannot remember) talked about international policy with the US, and before, I was convinced that nobody, not even the banks, needed bailing out. Of course, I didn't realize just how much was tied to the banking system at the time.

Banks are the jumping-point for all kinds of financial transactions including investments, loans, pensions, etc. The simple question is this: If banks go under, who will take care of the investments, loans, pensions, etc.?

Answer: No one.

Q: If nobody takes care of these investments, loans, pensions, etc., what kind of message will that send to the American people (or foreign investors)?

A: That you can't count on banks to house your money. Or that you can't count on government to help you out in your hour of need. Or that you shouldn't invest. Or that, despite the fact that you work hard to support your family, your money can be wiped clean at any time because of somebody else's stupid mistake.