The banks that were ailing in 2008 shouldn’t have been bailed out. Anyone who wants a healthy banking sector would agree with the previous statement. If you love banks, you must love them enough to let the weak ones fail. How else can the poorly run institutions, their assets, and their human capital be acquired by better, more capable managers?
Rather than cheer the decline of the mediocre and bad, business pundits adopt a horrified pose any time a bank has the temerity to fail.
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