I have a semi-rhetorical question. If a bank is bought by another bank, even if it’s a "bargain", did that first bank really fail?Â
What I mean is that the bank didn’t disappear and the money wasn’t lost so it seems to me that it isn’t really a case of a bank failing. It’s just that the bank was in danger of failing and another purchased it.
I know that’s a bit simplistic, but I was just thinking about that…
{ 1 comment }
I have a semi-rhetorical question. If a bank is bought by another bank, even if it’s a "bargain", did that first bank really fail?Â
What I mean is that the bank didn’t disappear and the money wasn’t lost so it seems to me that it isn’t really a case of a bank failing. It’s just that the bank was in danger of failing and another purchased it.
I know that’s a bit simplistic, but I was just thinking about that…
Comments on this entry are closed.