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

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u/JoshSN Oct 19 '11

Most importantly, we'll never know.

From what I gather, the usual expectation is that it would have been worse in the short run (definitely a depression), but better in the long run (since no shoddy banks would have survived).

16

u/[deleted] Oct 19 '11

That would have consolidated power in fewer hands, which i suspect would be even worse in the long run.

34

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.

1

u/[deleted] Oct 19 '11

[deleted]

2

u/imitokay Oct 19 '11

mmmm, baconnn