bailouts: did they work?

[Toro]

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).

 

[☭proletarian☭]

You can't fix Keynesian crisis with more intervention and moral hazard- you can only delay it a bit longer and make it a bit worse the next time.