The banks CANNOT solve the problem. Only the federal governments of the world can solve it by taking over and running all banks. Banks cannot solve the problem because their reputations with each other are at stake. Governments didn't make these outlandish credit default swap bets, banks did. So banks as they now exist are over. All banks need to be run at core now by governments using taxpayer money. Don't give it to the bankers who will try to pay off their credit default swaps with it!
No. Governments must TAKE OVER banks completely and nullify all credit default swaps and back this change up with police or military if necessary. Otherwise it really is 1929 all over again!!!
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