Wall Street is wavering today amid fears of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem. Should the French banks be bailed out or go into bankruptcy? How did that work out here in the US?

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Arthur Wright answered

Who really cares anymore and who would bail them out? The US? We better start worrying about our own rear here and forget what the rest of the world is doing because if we fall, so does the rest of the world. The world can fend for itself but of course now would be a good time for "Super Obama" to fly in and save the world with what, who knows but he still thinks his money tree is growing at an alarming rate in the WH backyard

Janey answered

The French banks will have to be bailed out and preferably nationalised regarding the big marques, in order to avoid another global recession.The last thing needed now is a EuroZone banking crisis and the G7 is going to have to cough up to ensure resilience of banking systems and finance markets.Emergency steps such as unlimited loans from the ECB are keeping banks in Italy, Portugal and Greece solvent in order to address the potential threat of a 17-bloc EuroZone crisis.

Wall Street is wavering today amid fears of a credit rating downgrade of French banks and the lack of a solution to Greece's debt problem. Should the French banks be bailed out or go into bankruptcy? How did that work out here in the US?

2 Answers

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