Should the USA allow some big banks to fail? Why or why not?


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WASHINGTON (Reuters) – The United States should let some big troubled banks fail rather than commit more federal funds to prop them up, two key congressional Republicans said on Sunday. Senator Richard Shelby, top Republican on the banking committee, said the United States should not mimic Japan, which in the...


Answer (1):

alfredb1979

Yes.

These banks propped themselves up with all sorts of idiotic financial practices during the boom of the last decade or so.

What went up has to come back down.


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