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A comment on Mt.Gox Withdrawals. Parent comment
A subsequent $700b was approved and executed, and later on over $7t where commmited (but not all used) for bailouts.
That easily puts the bailouts that banks needed in order not to go under at $2-3t. That's nearly 40-60% of depositor liabilities.
If the bailouts don't happen if JP or BofA go under (for whatever reason), then I don't think the 99c to the dollar theory holds up.
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A subsequent $700b was approved and executed, and later on over $7t where commmited (but not all used) for bailouts.
That easily puts the bailouts that banks needed in order not to go under at $2-3t. That's nearly 40-60% of depositor liabilities.
If the bailouts don't happen if JP or BofA go under (for whatever reason), then I don't think the 99c to the dollar theory holds up.