What if we had let the big banks fail?

[california-jewel]

Originally Posted by HappyTexan

We did not; we bailed out "selective" banks. The rest were left to fall.

FDIC: Failed Bank List

You got that right, they were very selective weren't they. Many were left out in the cold.

[A&M_Indie_08]

I would cheer and laugh at the scumbags who have stolen millions...... then I would sit down and have a snack and walk my dog around the block

[middle-aged mom]

Originally Posted by le roi

i think that is very likely.

however the people who need to understand this concept the most, seem to be the least likely to.

It's easier to play the " Blame the Obama" game.

We rolled from the dot com bubble/collapse to the realization that SS Trust fund had no assets to 9/11 to war to substantial inflation of the housing market.....ah the good time, eh.

There are many things the Bush admin could have done differently, when looking through the rear view mirror. Truth is, this one has been building for 40 + years.

[jmking]

Originally Posted by ovcatto

You seem to not grasp the fact that the majority of middle class savings didn't sit in low interest rate bank accounts, but rather in 401(k)s and other mutual funds. Nor do you seem to understand that every business large and small depends upon lines of credit as a source of day to day working capital. As investor fears rose on the possibility of the collapse of these large financial institution, the economies sources of credit tightened to such an extent as to become the principle cause for the downturn in employment and the subsequent collapse of the economy.

That's fine, damned if you do, damned if you don't, but why hasn't any thug in a suit been tarred and feathered (besides the janitor)? High-end government connections?