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If you're referring to the bailouts, that was hardly the case. Some of them were negligently overextended and deserved to fail, like any business. If they had
by imglorp 11y ago
If you're referring to the bailouts, that was hardly the case. Some of them were negligently overextended and deserved to fail, like any business. If they had failed, their assets would have been picked up by a more conservative bank at bargain rates and everything would have been taken care of automatically. Instead, the crony system demanded a gratuity from the government.