without the threat of failure, we have no incentive to improve. Yeah, but widespread bank failures would have completely wrecked the economy, as in the Great D

without the threat of failure, we have no incentive to improve. Yeah, but widespread bank failures would have completely wrecked the economy, as in the Great Depression. The people worst hurt would have been the ordinary workers losing their jobs, not the bankers. A better compromise would have been for the bailout to come with real pain for the banking execs—fines, or blacklisting, or at least compensation caps. Frankly, the war is a bigger issue anyway. Yes.