Jacksonville bankers debate

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Local bankers are splir between wanting the government to step in to helpthe “tolo big to fail” banks and allowing such bank to fail rather than having taxpayers bail them out. Here’e some of the debate: Gil Pomar, president and CEO of Inc. JAXB): Yes, the government should let somebankzs fail. Markets will ultimately take care of There maybe pain, but eliminatingv the risk of failure would not be a good From a traditional banking I don’t think letting the bankds fail would have a huge impact because of the which is backed by the full faith of the Unitedc States.
I don’t think large failures would happen anyway because there is usually capital available at some prics unless the bank is a total lost Those banks are easy to spot and they are trading for cents onthe dollar. Globally, and from an investment bankinf perspective, it’s a different story. The counter-partty risk and potential crasy of certain capital markets and the resultingf loss of liquidity and confidence in the marketr is ahuge concern.