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... They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out, and reducing risk. The plans must be feasible to execute within three to six months, and banks were to "make no assumption of extraordinary support from the public sector," according to the documents. ...
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Regulators to big US banks: Don't count on government help if you get in trouble - Bottom Line
It appears that the Government won't be bailing those out who are to big to fail .. So where do you think that leaves QE3?
I'm sure the Fed plans to throw a lot more money around when the next big fail comes, but it appears that our Government knows that it already isn't going to do much good.
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