I know they argue that it would be disaster if we let the banks fail (which makes sense, since that would be capitalism, and we all know that has been proven not to work, since it failed so badly when we didn’t try it). Said disaster would have a huge price. Looking at the several trillion given to US banks alone, I have to wonder just how much worse “disaster” would be.
40% of US banks failed during the Great Depression. That was no big deal, right?
Looking at the several trillion given to US banks alone
Given? You mean lent and repaid, right?
I have to wonder just how much worse “disaster” would be.
Unemployment in the Great Depression only hit 25%.