Capitalism allows mismanaged businesses to fail and be their assets to be bought by other businesses. Socialism makes way for the governments, using taxpayer funds to catch or save failing businesses before they go into bankruptcy.
CitiBank with funding from the Federal Reserve was going to save Wachovia but they took too long. Instead Wells Fargo stepped in and bought Wachovia with NO assistance from the Feds or the taxpayers. Now the hook is in the hands of the Wells Fargo stockholders, NOT the US taxpayer.
Give American businessmen enough time and we tend to straighten out every mismanaged business. It goes against our good sense to allow a need to sit unnourished for very long. It takes a little time to gather all the private investors together and agree on who will provide what percentage of the money necessary, which in turn also separates risk percentages into affordable numbers.