re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?

I guess what it comes down to for me is the government set the "too big to fail" precedent, so they bailed em out. Well know, who's to say that we're just not headed towards another huge recession or depression? Because once they set that precedent, why shouldn't I believe that all those companies aren't doing even more shady shite that we don't realize at the moment? Hell, if it blows up in their faces, they're backed by the full faith and credit of the United States Government.

The problem that I see with that is, what happens when it happens again and we can't bail them out? I don't think that I'll ever see a federal tax rate of 50% but that seems to me like that's where we would be heading if another recession broke out and it was bad enough. If there weren't riots in the streets the last time, there most definitely will be for this one. Because what it sounds like to me is they put a rather large band aid on a bullet hole.