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Originally Posted by SUBMAN1
I'm ticked. They should have been allowed to fail. This screws up our entire economy now. Taking big risks and you might get bailed out if it goes bad. Very bad plan.  CEO's now will all expect to get bailed out.
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That was my thought for a while, then I read Megan McArdle
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...it might be fun to let the financial markets collapse catastrophically in order to teach people that they oughtn't to speculate, either on securities or government bailouts. On the other hand, the Great Depression sort of sucked, and not just for people who took a flyer on AT&T at 87.
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I guess that the net effect here will be stricter regulation on Wall Street etc, in order to make this kind of event less likely. Of course this means somewhat reduced dynamism, but take your pick.