I kind of defy the original supposition that the government failed here, on second thought. Aren't they supposed to let banks fail? They insure some depositor accounts. Nothing else. The rest of the bank going bye bye is not the government's problem.
And that's exactly what appears to be happening. We'll have to wait for the dust to settle to see if they went beyond this. But yes, if you believe in Free Enterprise then failure must be as possible as success. Only communists believe failure is not an option.
I kind of defy the original supposition that the government failed here, on second thought. Aren't they supposed to let banks fail? They insure some depositor accounts. Nothing else. The rest of the bank going bye bye is not the government's problem.
And that's exactly what appears to be happening. We'll have to wait for the dust to settle to see if they went beyond this. But yes, if you believe in Free Enterprise then failure must be as possible as success. Only communists believe failure is not an option.