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> I'd just like to ask why in situations like this, governments tend to intervene? Because ordinary people likely gambled with their savings, and since they're
by Mikeb85 11y ago
> I'd just like to ask why in situations like this, governments tend to intervene?
Because ordinary people likely gambled with their savings, and since they're not as savvy as the hedge-funds and professionals, they stand to lose quite a bit.
But yes, it would be better to let the market figure itself out. Valuations did get a little out of control, hence the large crash.