These guys are getting SMASHED. Gov't really needs to get on this and ignore GS and Citi's BS for a while. FDIC's going to have their hands full for a while. Only way they're going to stop crash 2.0
Its called picking winners and losers. Most banks are insolvent. The FED extends unlimited credit to the largest, most politically-connected Banks (Citi, JPM, BoA, Goldman). Then, the FED denies loans to smaller/regionals. And they go under. Huge Banks are saved, and their competition destroyed. Who are the largest, most influential shareholders in the FED Reserve System, anyway????