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1. Dave Winer

   If banks fail and take down depositors, the whole system will collapse. If a big bank failed and the FDIC had to bail out depositors...

   Monday, 09-Mar-09 22:13:08 UTC from api
   • Bob Wyman

     @dave The trick is to transfer equity from stockholders to creditors without killing the depositors. Wipes out debt. Makes bank healthy.

     Monday, 09-Mar-09 22:20:18 UTC