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The corporate nanny state is more then willing to let individual firms collapse (bear stearns). Your examples were a systemic risk, if those organizations colla
by stevenmays 9y ago
The corporate nanny state is more then willing to let individual firms collapse (bear stearns). Your examples were a systemic risk, if those organizations collapsed there was going to be a lot of collateral damage.
- f00_ 9y agothey could of nationalized the banks, but no instead they just give them handouts but yeah, I wonder why they didn't decide to save bear stearns, maybe it collapsed and that was the reason they decided to save the rest best source about the 2008 crisis? I really like noam chomsky and michael lewis' work