Toro
Diamond Member
Yes, absolutely.
Certainly, everything did not run smoothly or perfectly, but the bailouts were designed to save the financial system from imploding into itself and keeping the country out of another Great Depression, of which I am certain would have happened.
However, the bailouts may have also trashed the dollar forever (though I doubt it) and created enormous unintended consequences in the economy that will arise in the future (which I don't doubt).
Certainly, everything did not run smoothly or perfectly, but the bailouts were designed to save the financial system from imploding into itself and keeping the country out of another Great Depression, of which I am certain would have happened.
However, the bailouts may have also trashed the dollar forever (though I doubt it) and created enormous unintended consequences in the economy that will arise in the future (which I don't doubt).