In a financial crisis every company is at risk, without support, you get a fire sale, and the cascading effect takes down more than just the irresponsible compa

In a financial crisis every company is at risk, without support, you get a fire sale, and the cascading effect takes down more than just the irresponsible companies. The time to regulate irresponsible action is before the crisis not during the crisis. We learned that in the 1929 Great Depression. There is a lot of research to that effect. We saw that in the recovery from 2008 which used the lessons learned about 1929 to adopt different responses that the 'liquidationists' recommended (google that term and you will see your exact argument used and followed by the government in 1929 and the devastating effect it had on the economy).