re: #907 aboo-Hoo-Hoo

Would you care to list the names of some banks that would verify that claim?

Actually, what avanti says about FDIC is true. There was a very interesting piece on it recently on “This American Life”. They do indeed move in on failing banks on a Friday afternoon, like a SWAT team (except it’s made up mostly of accountants), fire the management, usually have a buyer lined up, so that the bank can open its door Monday morning under new management and (often) a new brand name, and the depositors aren’t spooked. But Walter’s point is a good one; this is a condition to FDIC insurance, to which banks agree in advance. Obama forcing out the GM CEO is quite a different thing.