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by Im Alec has abandoned this account on August 13th, 2009
It is highly undesirable but unfortunately necessary. The problem is that we should not have banks which are "too big to fail". Instead of supporting giant "national champions", governments should have been enforcing higher standards on banks as they approach this "Too big to fail" level, both to reduce the chance of having to bail them out, and to squeeze risky behaviour out of them into smaller, "more agile" banks which can be allowed to fail if they get it wrong.
Care to REALLY know why the financial meltdown occurred?
by J and B on April 10th, 2011
| 3 people like this
If many governments around the world are in debt then why panic paying off debt when other countries are in the same boat?
by NiCkIzBacK on January 26th, 2011
| 1 person likes this
Is it taking the United States longer to recover from the 2008 global financial crisis than it took to recover from previous recessions?
by NiCkIzBacK on July 31st, 2011
| 1 person likes this
Are the US banks responsible for the financial crisis in Greece?
by Marguerite on June 23rd, 2011
| 1 person likes this
corporations control america, is that good or bad in your opinion?
by goodbyebag on August 3rd, 2010
| 1 person likes this
You're reading Do you think it is necessary or desirable for governments to bail out banks when economic conditions like those we are in now hit? If 'no', do you understand what would happen if they didn't?
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Comments
Nice points. +
The crash should improve regulation. We'll see.
by Who Is She on August 13th, 2009