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Just as it was okay to repeal the Glass-Steagall Act, and the uptick rule, it will make sense to use the bank rescue fund money for some other purpose.
FORBES: Don't Feed Stray Banks; Bailout Fund A Lousy Idea
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Concerns have grown about the capitalization of the German lender Commerzbank have dropped sharply and the German Finance Minister said they may need to activate the Soffin bank rescue fund.
FORBES: Stocks Lower On Commerzbank Worries
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In the Americas, it is most unlikely that the Federal Reserve would come to the rescue of an individual Argentine or Mexican bank, so each country would have to build up a safety fund of its own for such purposes.
ECONOMIST: It all depends