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No, this is not how reality works. Asserting that bailouts are simply "part of the system" is just a cop out. It doesn't respond to points about the behaviour
by mtlmtlmtlmtl 4y ago
No, this is not how reality works.
Asserting that bailouts are simply "part of the system" is just a cop out.
It doesn't respond to points about the behaviour of the bank which was key to my argument. Maybe read and try again.
I will repeat again at the risk of sounding like a broken record. There is no sane, logical way of arguing that the behaviour that led to the 2008 financial crisis is that of a stable, well-regulated banking system. If you believe otherwise, you are either on drugs, or have done no research, or both.