Quote:
Originally Posted by Trolly McTrollson
I've read quite a bit about the 2008 subprime crisis and I've never come across a serious commentary that argued for allowing all the banks to fail.
It was obviously more complicated than let them all fail which
Is why is didn't want to start a derail. The version they choose
Bail out
Let them keep thier personal value
Pump in low cost money with few strings
Essentially no regulation change
Promote people directly involved in the subprime crisis
Not one person under indictment
was the perfect storm of wrong way to handle it. It was perfectly designed to tell the market "do anything you want, break any laws, push all limits, gamble as much as possible, care only about short term return, ignore risk. The government will be here to bail you out and you will suffer no consequences."