Quote:
Originally Posted by guil07
ha thats a joke they cant run the country let alone bail out a bank
there was somone on gerry ryan the other day sayin if ur bank go's into liquidation well then there is a (cant think of the name) that will pursue ya for ur loans and mortgage
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Well technically the government won't be running the banks. They will be placed under conservatorship until the economy stabilises and then the government will get all their money bank in the end when they sell off the shares.
Not sure what ya mean in the last bit of your posts but if you're saying what I think you're saying then you're right... Even if your bank goes bankrupt you still have to pay off your debts.