re: What would have happened if they had let the banks fail in 2008?

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Would we be better off or worse than we are today?

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I would venture a guess better. Likely a lower population, but better. Instead, we learned nothing as a society and have actually in some ways doubled down.

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Bush is the definition of a RINO.

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What would have happened if they had let the banks fail in 2008?

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Hank Paulson and George W. were democrats?

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I'm no fan of either of those people. But the subprime crisis wasn't on them. It definitely wasn't on Bush.

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Most of the people on here including me would not have a job

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I highly doubt that.

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Too Big To Fail is too big to exist. Bust them up. Loadning money to professional gambling addicts is a bad plan.

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I am assuming you do not know the root cause of this failure.

For many years the major financial institutions held rules for borrowing money too strict for those at the lower end of the economy. So along come the Clintons who made rules to force the banks to relax and damn near eliminate their loan qualification rules so the disadvantaged could share the American dream.
As a result we got the new homeowners buying homes they could not afford for little or nothing down.
Next came the FANNIE MAE and SALLIE MAE mortgage backed securities that blended these trash loans in with the good ones. This created a boom in the housing market and there were so many new loan processers out there generating this bad paper that older established firms were put in a situation where they had to participate or perish.
The banks in the meantime needed loan dollars to float their business and bought massive amounts of these mortgage backed securities. Eventually the bad non performing loans within the mortgage backed securities took their toll on some institutions and some started to fail. This created an international panic started a run on the banks by the institutional investors.

So my point here is that the villans in all of this were pandering politicians. The financial execs were the stooges.

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People would have learned that in a free market economy you can make or lose money.

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And those Wall Street shite birds would’ve learned that being politically connected doesn’t get you a free pass to get bailed out when you frick up. The moral hazard that the bailouts created can not be overstated enough.

JPM Chase would be even bigger. They were forced to take the money and didn't use any and immediately repaid once allowed

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The right move was not to bail out the banks, but to bail out the people the banks preyed upon.

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That would have taken too long in practice. They couldn’t have distributed liquidity quickly enough

There would be no banking systime and way worse off. They say that had money been injected into housing market/mortgage market for homeowners (primary residence) we would have been better off.