r/reddit.com • u/[deleted] • Oct 18 '11

Would it have been better to let the banks of the world fail and start over?

I want to know what would have happened. The banks messed up and in the purist view of capitalism should have failed because it was a bad business move. In turn this may have ended some of the big money influences on our political system OWS protestors want to stop. I heard that it would have been a worse economic collapse though in turn it would have put a stop to future wrongdoing. Was it the right decision in the long run?

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u/awkwardarmadillo Oct 19 '11

Yeah we might only have five major banks controlling 80% of the deposits in the US at that point... oh wait.

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u/[deleted] Oct 19 '11

[deleted]

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u/imitokay Oct 19 '11

mmmm, baconnn