I disagree. Most of these banks should have been allowed to fail. GM should have been allowed to fail.
Right now, we have the moral hazard in economics.
If you know that your risks are going to be covered, you are more willing to take higher risks. A bank is more willing to lend a waitress who makes minimum wage $300,000 for a home on her claim that she makes $75,000 on tips because even if she's lying, the government will cover the loan.
Then, the taxpayer takes the hit for your risky investments.
No more bail outs.
You're so right about that, I mean it's starting to get on my nerves that those CEOs and rich men get away with that crap all the time. I bet it worsier with the Republican guy or another term with Obama