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That was due to run on the banks before FDIC. So, yes, there was no reason to be saddled with moral hazard instead of orderly dismantling. Look at Lehman, Wamu

by hrez 9y ago

That was due to run on the banks before FDIC. So, yes, there was no reason to be saddled with moral hazard instead of orderly dismantling. Look at Lehman, Wamu etc.