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re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?
Posted on 5/16/17 at 12:40 am to TigerFanInSouthland
Posted on 5/16/17 at 12:40 am to TigerFanInSouthland
Absolutely. The trough would have been deeper, but the rebound faster and more sustainable. By bailing them out, we never solved what caused the bubble, the market never truly corrected, and we've been stuck in economic limbo ever since.
1
Posted on 5/16/17 at 12:42 am to kingbob
My thing is, look what our economy did after the Depression. Yes, it lasted 10 years and was helped out immensely by WWII. But once it ended, our economy skyrocketed, pushing us to greater heights in a shorter time than any country has ever seen. That boom lasted for an incredibly long time.
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