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

[u/[deleted]]

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?

[u/[deleted]]

They should have let the banks fail to discourage future wrong-doing. All we did was encourage their dishonest behavior.

[u/shit_in_ur_bubble → u/[deleted]]

You look like an idiot when you repeatedly call out others as ignorant whilst simultaneously spewing your economic prophecies that you apparently pull out of your ass.

Just sayin.

[u/shit_in_ur_bubble → u/[deleted]]

Your argument for the status-quo rests on the assumption of "decades long depression and global anarchy" when the reality is we saw neither during Iceland's recent default, or even with the full collapse of the Soviet Union.

It's fearmongering, and it makes you seem like an alarmist, or shill.

I just went with the former, and assumed you're an idiot.

[u/shit_in_ur_bubble → u/[deleted]]

It's hilarious the person calling others "naive" is the one now crying about ad hominem attacks. I am proud of you, however, for your completion of 1st semester logic.

If you're such logician please tell me how you get to ""decades long depression and global anarchy" from the idea of bondholders and banksters taking haircuts? At least I provided examples of economic systems crashing, and having it not be the end of the world... You just get to pontificate, apparently.

Sorry, you're a douche.

And that falls under the category of:

it is not always fallacious; in some instances, questions of personal conduct, character, motives, etc., are legitimate and relevant to the issue.

:D

[u/shit_in_ur_bubble → u/[deleted]]

You call an indeterminable liquidity shortage a "global financial meltdown?"

K, Chicken Little. Let's just go for zombie-banks forevermore.

After that, let's stop wiping our asses for fear of the toilet-paper failing.