Reply #1: Yup. All true, and the flip side of this is [View All]

[reformist2]

that while the banks may have to deal with millions of borrowers balking at paying them another dime, they also will have to deal with thousands of well-heeled investors demanding their money back on the crappy MBS they were sold! Unless China is willing to tolerate another trillion-dollar bailout, it's game over for the banks.