Also about the banks, no there aren't a lot of good solvent banks to go around. BofA and Citi get all the press but there are about 20-30 smaller banks around the country that are in trouble too. More importantly, the small banks need the larger banks. They don't act like individual firm but a network. For instance small banks get operating loans and sell asset to larger banks all the time. In addition Larger banks are market makers. Without there assets the system would get much tigher and it would lost 35% of the assets (just BofA and Citi). This would jack up interest rates maybe by a few points, and deepen the recession.