Bad banks should be allowed to fail.
Ditto with any business.
Usual result is better banks and better corporations take up the slack.
It is like pruning dead wood. It actually encourages healthy growth.
Reason the economic recoveries are getting weaker is because the big government is an anchor in the form of heavy taxes and onerous regulations.
Government should not assume role of mother. That makes people dependent with less desire to improve themselves
Bad banks should be allowed to fail.
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I don’t have a problem ideologically with what you’re saying, but banks aren’t like other businesses because I’m not running my business & payroll through the coffee shop down the street.
I’m making deposits & payments through a financial institution. I expect that institution to have solvency and not leave me hanging with “too bad, so sad” we went under.
Why should a well managed businesses lose their deposits and ability to pay bills because some guys made bad bets with their financial institution?
“Bad banks should be allowed to fail.”
OK, it’s your money.