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Reply to "So why isn't there a run on Wells Fargo?"
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[quote=Anonymous][quote=Anonymous]I would have closed my account now if I hadn't already done it a couple of years ago. They could end up in receivership, FDIC could take over, fire the top brass (that Congress won't do anything about other than have a bunch of indignant hearings with as usual to pretend they're doing something) and sell the assets to other banks. Seems like the only downside would be even more bank concentration but since these b____ are even more too big to fail than they were before the financial collapse, what's the difference? Or is it that they expect so many lawsuits that no other bank wants to touch it now? Might be a great case study in nationalizing a bank in that case.[/quote] Government ownership? You're out of your god damn mind. Have you heard to Freddie and Fannie? We've seen what happens when the government is in charge of financials. [/quote]
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