/biz/ - Business & Finance

If a bank fails the status of all loans and credit cards should be deemed null and void. If their deposits are insured up to $250,000 and their derivative credit lines are not then why must there be a continuation of payments.

At the very least their loans/credit cards should be revalued to 10% of their current value immediately rather than having them all sold to a 3rd party which will be asking for full payment.