> I never found out why we couldn't let that happen. Because they frightened everyone with an imminent apocalypses if we were not to save their fraudulent asse

> I never found out why we couldn't let that happen. Because they frightened everyone with an imminent apocalypses if we were not to save their fraudulent asses. I believe we should have let them fail. It would not be pretty, but we'd manage. Long term benefits would surpass temporarily hardship. First it would cleanse the system and second set a strong precedent. Besides, it would be very much in terms with capitalism - failed in competition goes under. Yet funny how the banks that lobby for ever more independence, rely so heavily on social welfare from the government :)