4 ms·
Yeah, many banks gave out loans and then couldn't pay their other debts. America's answer? The home owners are evil and banks should be propped up and shielded
by thwest 14y ago
Yeah, many banks gave out loans and then couldn't pay their other debts. America's answer? The home owners are evil and banks should be propped up and shielded from the risks they took.
It doesn't really teach responsibility.
- youngerdryas 14y agoLetting the banks fail was an option. Lehman failed. I wonder what the EU would look like now if we let the banks fail. Too big to fail is a problem though.
- Zuider 14y agoToo big to fail = too big to be bailed out.