Yes, banks that were not "too big to fail" were allowed to fail. Citi would have failed but the taxpayers backstopped it. You claim to believe in free markets, but you have no problem with that.
Yeah, banks just can't wait to make mortgage loans to deadbeats now. It's all over the news. LOL!
They did it once. And no, they won't do that again, they will do it somewhere else.
I'd love to know your overall theory on free markets. Is it that markets should be free except for really, really big companies that should get taxpayer support when threatened?
And they didn't cost the taxpayer a dime?
Citi would have failed but the taxpayers backstopped it.
Why was Citibank going to fail?
They did it once. And no, they won't do that again,
But you said they would, and worse even.
they will do it somewhere else.
Yeah, they're making all kinds of questionable non-home loans right now. Loan volume is thru the roof. LOL!