Hilarious
Aint it the same when Citibank and AIG got saved by US gov that year? They would have gone too if werent for the gov intervention..
There is nothing unique that any of them are or were doing an other bank couldn’t have stepped in to provide.
So I would say no, bank bailouts just saves a lot of people serious misery.
If they fail somehow large capital and the incompetent management ends up getting off unharmed and smaller players who have savings get screwed over.
So I can’t say it’s a bad thing they get done either.
Sometimes bailouts are good, take Sony as an example it was a zombie for years.
Sometimes they are bad and are nothing but a long term burden on a nations economy like GM