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

quote:

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I understand that, but to me, that's a horrible approach to that kind of problem and that's not the way that the American economy is supposed to work. Businesses fail and businesses succeed. It's not the government's place to pick and choose who fails and who succeeds. It's on the consumer.

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That is a text book definition.

In reality, the government has always had a hand (in crisis moments) of how fails and who lives. The USA is not a pure capitalism model.