> Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
This tells me there were other banks in a similar position, and those other banks are being offered free money... And those banks don't even have to get rid of their shareholders, bondholders, or upper management.
An analogy: Smart guy is on the freeway when he's passed by someone going 90. Smart guy pushes up to 90 also, but stays 1/4 mile back. A lot of miles later, flashing blue lights pull up behind the leading speeder. SG slows to the limit and congratulates self on the early arrival.
This tells me there were other banks in a similar position, and those other banks are being offered free money... And those banks don't even have to get rid of their shareholders, bondholders, or upper management.