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Basically yes. All things being equal it's better that banks don't collapse but this far regulators have done an excellent job containing the fallout and preven
by tootie 4y ago
Basically yes. All things being equal it's better that banks don't collapse but this far regulators have done an excellent job containing the fallout and preventing contagion.
In 2007 the failures were amongst investment banks and there was no statutory authority to do an orderly liquidation (there is now) and the Bush admin was seemingly disinterested in responding. Thus a panic ensued.
This time we're applying well-tested and reliable procedures and they're working as expected.